Jefferies Group Increases First Niagara Financial Group Price Target to $10.50 (FNFG)
Jefferies Group hoisted their price objective on shares of First Niagara Financial Group (NASDAQ:FNFG) from $9.50 to $10.50 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 21.67% from the stock’s previous close.
First Niagara Financial Group (NASDAQ:FNFG) remained flat at $8.63 during during mid-day trading trading on Friday. 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 has a 50-day moving average of $8.89 and a 200-day moving average of $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 posted its quarterly earnings results 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.
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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