Share on StockTwits

First Niagara Financial Group (NASDAQ:FNFG) was upgraded by investment analysts at Guggenheim from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $10.50 price target on the stock, up from their previous price target of $9.00. Guggenheim’s price objective would suggest a potential upside of 21.67% from the company’s current price.

Shares of First Niagara Financial Group (NASDAQ:FNFG) remained flat at $8.63 during during mid-day trading trading on Monday. The stock had a trading volume of 3,762,688 shares. First Niagara Financial Group has a one year low of $8.19 and a one year high of $11.34. The stock’s 50-day moving average is $8.89 and its 200-day moving average is $9.6. The company has a market cap of $3.020 billion and a P/E ratio of 11.82.

First Niagara Financial Group (NASDAQ:FNFG) last issued its quarterly 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. 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.

The Fly On The Wall

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.