First American Financial Corp. Given New $33.00 Price Target at Barclays (FAF)
Equities research analysts at Barclays upped their price target on shares of First American Financial Corp. (NYSE:FAF) from $29.00 to $33.00 in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective points to a potential upside of 20.17% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of First American Financial Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, December 9th. They now have a $29.10 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of First American Financial Corp. in a research note to investors on Thursday, December 5th. They set a “neutral” rating and a $28.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of First American Financial Corp. from $28.00 to $31.00 in a research note to investors on Monday, October 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.82.
First American Financial Corp. (NYSE:FAF) last announced its earnings results on Thursday, October 24th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment.
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