First Niagara Financial Group Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:FNFG)
First Niagara Financial Group (NASDAQ:FNFG) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, ARN reports. Four equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $9.89.
FNFG has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods cut their price target on shares of First Niagara Financial Group from $10.00 to $9.50 in a research note on Tuesday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of First Niagara Financial Group in a research note on Wednesday, May 21st. They now have a $10.50 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of First Niagara Financial Group in a research note on Monday, April 28th. They now have a $9.50 price target on the stock.
Shares of First Niagara Financial Group (NASDAQ:FNFG) opened at 8.57 on Thursday. 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 $8.68 and a 200-day moving average of $9.25. The company has a market cap of $2.999 billion and a price-to-earnings ratio of 11.79.
First Niagara Financial Group (NASDAQ:FNFG) last posted its quarterly earnings results 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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