First National Financial (TSE:FN – Get Free Report) had its target price decreased by investment analysts at BMO Capital Markets from C$41.00 to C$39.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 7.17% from the stock’s current price.
A number of other research firms have also recently issued reports on FN. Scotiabank reduced their price objective on First National Financial from C$45.00 to C$41.00 and set an “outperform” rating for the company in a research report on Wednesday. TD Securities lifted their price objective on First National Financial from C$41.00 to C$44.00 and gave the company a “hold” rating in a research report on Thursday, March 7th. Finally, Royal Bank of Canada reduced their price target on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, First National Financial currently has a consensus rating of “Hold” and a consensus price target of C$40.17.
First National Financial Price Performance
First National Financial (TSE:FN – Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.50. The firm had revenue of C$199.30 million during the quarter, compared to analysts’ expectations of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. Analysts forecast that First National Financial will post 3.9252815 EPS for the current fiscal year.
About First National Financial
First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.
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