First American Financial Corp. Lowered to “Neutral” at Zacks (FAF)
First American Financial Corp. (NYSE:FAF) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports. They currently have a $30.50 target price on the stock. Zacks‘ price target indicates a potential upside of 10.71% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of First American Financial Corp. from $29.00 to $33.00 in a research note to investors on Tuesday. They now have an “overweight” rating 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.10.
Shares of First American Financial Corp. (NYSE:FAF) traded up 0.33% on Tuesday, hitting $27.55. The stock had a trading volume of 752,060 shares. First American Financial Corp. has a 52 week low of $20.39 and a 52 week high of $28.57. The stock’s 50-day moving average is $27.04 and its 200-day moving average is $24.07. The company has a market cap of $2.912 billion and a price-to-earnings ratio of 13.21.
First American Financial Corp. (NYSE:FAF) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that First American Financial Corp. will post $1.72 EPS for the current fiscal year.
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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