First Niagara Financial Group Given “Hold” Rating at Citigroup Inc. (FNFG)
First Niagara Financial Group (NASDAQ:FNFG)‘s stock had its “hold” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Monday. They currently have a $9.00 price target on the stock. Citigroup Inc.’s price target indicates a potential upside of 6.51% from the company’s current price.
Shares of First Niagara Financial Group (NASDAQ:FNFG) traded down 1.74% on Monday, hitting $8.45. The stock had a trading volume of 3,880,924 shares. First Niagara Financial Group has a 1-year low of $8.19 and a 1-year high of $11.34. The stock’s 50-day moving average is $8.98 and its 200-day moving average is $9.68. The company has a market cap of $2.957 billion and a P/E ratio of 11.78.
First Niagara Financial Group (NASDAQ:FNFG) last released its earnings data on Friday, April 25th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.02. The company had revenue of $347.47 million for the quarter, compared to the consensus estimate of $363.18 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts expect that First Niagara Financial Group will post $0.70 EPS for the current fiscal year.
A number of other firms have also recently commented on FNFG. Analysts at Portales Partners initiated coverage on shares of First Niagara Financial Group in a research note on Wednesday, April 9th. They set an “underperform” rating on the stock. Analysts at Barclays downgraded shares of First Niagara Financial Group from an “overweight” rating to an “underweight” rating in a research note on Wednesday, April 9th. They now have a $9.00 price target on the stock, down previously from $11.00. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. First Niagara Financial Group currently has a consensus rating of “Hold” and an average price target of $9.94.
First Niagara Financial Group, Inc provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.
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