First Niagara Financial Group Receives Hold Rating from Jefferies Group (FNFG)
First Niagara Financial Group (NASDAQ:FNFG)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group in a research report issued on Monday. They currently have a $9.50 price objective on the stock. Jefferies Group’s target price suggests a potential upside of 12.43% from the company’s current price.
First Niagara Financial Group (NASDAQ:FNFG) traded down 1.74% on Monday, hitting $8.45. 3,880,924 shares of the company’s stock traded hands. 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 posted its quarterly earnings results on Friday, April 25th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.17 earnings per share. First Niagara Financial Group’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that First Niagara Financial Group will post $0.70 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of First Niagara Financial Group in a research note on Monday, April 28th. They now have a $9.00 price target on the stock. Separately, 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. Finally, 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. First Niagara Financial Group currently has a consensus rating of “Hold” and an average target price 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.