First National Financial (TSE:FN) Price Target Cut to C$43.00 by Analysts at CIBC

First National Financial (TSE:FNGet Rating) had its price target lowered by research analysts at CIBC from C$45.00 to C$43.00 in a research report issued on Tuesday, BayStreet.CA reports. CIBC’s target price points to a potential upside of 11.83% from the company’s previous close.

FN has been the topic of several other research reports. National Bankshares lowered their price target on shares of First National Financial from C$46.00 to C$39.00 in a report on Tuesday. Royal Bank of Canada lowered their target price on shares of First National Financial from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Thursday, March 3rd. TD Securities lowered their target price on shares of First National Financial from C$43.00 to C$42.00 and set a “buy” rating on the stock in a report on Thursday, March 3rd. Finally, Scotiabank lowered their target price on shares of First National Financial from C$44.00 to C$42.00 in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, First National Financial presently has a consensus rating of “Hold” and an average price target of C$44.14.

TSE:FN traded down C$1.07 during trading hours on Tuesday, hitting C$38.45. 41,464 shares of the stock traded hands, compared to its average volume of 72,483. The company has a quick ratio of 8.93, a current ratio of 9.13 and a debt-to-equity ratio of 7,176.75. First National Financial has a 1 year low of C$35.65 and a 1 year high of C$53.25. The company has a market cap of C$2.31 billion and a price-to-earnings ratio of 12.03. The stock has a 50 day moving average price of C$40.78 and a 200 day moving average price of C$42.34.

First National Financial (TSE:FNGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported C$0.69 earnings per share for the quarter, missing the consensus estimate of C$0.70 by C($0.01). The business had revenue of C$339.29 million for the quarter, compared to analyst estimates of C$174.10 million. Equities analysts forecast that First National Financial will post 3.81 earnings per share for the current fiscal year.

In other news, insider FNSC Holdings Inc. acquired 13,613 shares of the business’s stock in a transaction on Tuesday, April 19th. The shares were acquired at an average price of C$40.41 per share, for a total transaction of C$550,101.33. Following the completion of the transaction, the insider now directly owns 7,736,327 shares of the company’s stock, valued at approximately C$312,624,974.07.

About First National Financial (Get Rating)

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. The company's residential mortgages, includes single family and multi-unit. It provides its services online. The company was founded in 1988 and is headquartered in Toronto, Canada.

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Analyst Recommendations for First National Financial (TSE:FN)

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