First National Financial (TSE:FN) Price Target Cut to C$39.00

First National Financial (TSE:FN) had its price objective reduced by analysts at BMO Capital Markets from C$41.00 to C$39.00 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 6.53% from the company’s previous close.

Other research analysts have also issued research reports about the stock. TD Securities increased their price target on shares of First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a research report on Thursday, March 7th. Scotiabank dropped their price target on shares of 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. Finally, Royal Bank of Canada decreased their price target on shares of First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to 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 Stock Performance

First National Financial stock traded up C$0.93 on Thursday, reaching C$36.61. 29,960 shares of the stock were exchanged, compared to its average volume of 33,177. The stock has a market cap of C$2.20 billion, a PE ratio of 8.82, a PEG ratio of 0.70 and a beta of 1.06. The company has a current ratio of 10.29, a quick ratio of 10.11 and a debt-to-equity ratio of 6,070.47. First National Financial has a twelve month low of C$32.86 and a twelve month high of C$41.80. The firm has a fifty day moving average price of C$37.80 and a two-hundred day moving average price of C$38.03.

First National Financial (TSE:FN) last released its earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, topping 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 analyst estimates of C$164.10 million. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. Sell-side analysts anticipate that First National Financial will post 3.9252815 EPS for the current 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.