Goldman Sachs Group Inc. began coverage on shares of First American Financial Corp. (NYSE:FAF) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm issued a neutral rating and a $28.00 price objective on the stock.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of First American Financial Corp. from $28.00 to $31.00 in a research note to investors on Monday, October 28th. Separately, analysts at Barclays raised their price target on shares of First American Financial Corp. from $28.00 to $29.00 in a research note to investors on Monday, October 28th. They now have an overweight rating on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of First American Financial Corp. in a research note to investors on Friday, October 18th. They set a buy rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $27.80.
Shares of First American Financial Corp. (NYSE:FAF) traded up 1.20% on Thursday, hitting $26.97. The stock had a trading volume of 195,096 shares. First American Financial Corp. has a one year low of $20.39 and a one year high of $27.40. The stock’s 50-day moving average is $25.73 and its 200-day moving average is $23.45. The company has a market cap of $2.851 billion and a price-to-earnings ratio of 12.82.
First American Financial Corp. (NYSE:FAF) last announced its earnings results on Thursday, October 24th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.02. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that First American Financial Corp. will post $1.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders of record on Monday, December 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 5th.
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment.
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.