Royal Bank of Canada Lowers First National Financial (TSE:FN) Price Target to C$31.00

First National Financial (TSE:FN) had its price objective cut by equities research analysts at Royal Bank of Canada from C$32.00 to C$31.00 in a research note issued to investors on Wednesday, May 1st, BayStreet.CA reports. The firm currently has an “underperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 4.66% from the stock’s previous close.

FN has been the subject of several other reports. TD Securities increased their price target on First National Financial from C$28.00 to C$29.00 in a report on Tuesday, February 5th. BMO Capital Markets reissued a “market perform” rating and issued a C$30.00 target price on shares of First National Financial in a report on Wednesday, February 27th. Finally, National Bank Financial raised their target price on First National Financial from C$27.00 to C$30.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th.

FN stock opened at C$29.62 on Wednesday. The company has a debt-to-equity ratio of 6,865.68, a quick ratio of 10.75 and a current ratio of 10.95. First National Financial has a fifty-two week low of C$25.38 and a fifty-two week high of C$32.51. The company has a market cap of $1.79 billion and a P/E ratio of 11.76.

First National Financial (TSE:FN) last announced its quarterly earnings results on Monday, February 25th. The company reported C$0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.70 by C($0.17). The business had revenue of C$312.04 million for the quarter. Analysts anticipate that First National Financial will post 3.02000009567914 EPS for the current year.

In other First National Financial news, insider FNSC Holdings Inc. purchased 11,669 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were purchased at an average cost of C$32.15 per share, with a total value of C$375,158.35. Following the purchase, the insider now owns 6,955,784 shares in the company, valued at C$223,628,455.60.

First National Financial Company Profile

First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages. The company provides its services through mortgage broker distribution channel, as well as through online.

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