First Niagara Financial Group Rating Increased to Neutral at Citigroup Inc. (FNFG)
First Niagara Financial Group (NASDAQ:FNFG) was upgraded by equities researchers at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
First Niagara Financial Group (NASDAQ:FNFG) traded down 1.74% on Wednesday, hitting $8.45. The stock had a trading volume of 3,880,924 shares. First Niagara Financial Group has a 52-week low of $8.19 and a 52-week high of $11.34. The stock has a 50-day moving average of $8.95 and a 200-day moving average of $9.66. 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 issued its quarterly earnings data on Friday, April 25th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts predict that First Niagara Financial Group will post $0.70 earnings per share for the current fiscal year.
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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