First Advantage (NYSE:FA) Downgraded to Neutral at Bank of America

Bank of America cut shares of First Advantage (NYSE:FAGet Rating) from a buy rating to a neutral rating in a report released on Tuesday morning, Marketbeat.com reports. Bank of America currently has $14.50 target price on the stock.

Other equities research analysts have also issued research reports about the stock. Barclays lowered shares of First Advantage from an overweight rating to an equal weight rating and cut their price target for the stock from $20.00 to $14.00 in a report on Friday, November 11th. Jefferies Financial Group cut shares of First Advantage from a buy rating to a hold rating and decreased their price objective for the company from $19.00 to $13.00 in a report on Tuesday, October 25th. Citigroup cut shares of First Advantage from a buy rating to a neutral rating and decreased their price objective for the company from $20.00 to $15.50 in a report on Wednesday, January 11th. Royal Bank of Canada cut their target price on shares of First Advantage from $15.00 to $14.00 and set an outperform rating for the company in a research report on Wednesday, November 9th. Finally, Needham & Company LLC initiated coverage on shares of First Advantage in a research report on Tuesday, September 20th. They set a hold rating for the company. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, First Advantage presently has a consensus rating of Hold and an average target price of $14.20.

First Advantage Stock Performance

First Advantage stock opened at $12.91 on Tuesday. The firm’s fifty day moving average price is $12.99 and its 200-day moving average price is $13.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.62 and a current ratio of 5.62. The stock has a market cap of $1.96 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.25. First Advantage has a fifty-two week low of $10.07 and a fifty-two week high of $21.01.

First Advantage (NYSE:FAGet Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $205.99 million during the quarter, compared to analysts’ expectations of $210.95 million. First Advantage had a return on equity of 13.14% and a net margin of 7.39%. On average, equities research analysts expect that First Advantage will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Advantage

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in First Advantage by 6.9% in the 1st quarter. Bank of New York Mellon Corp now owns 202,786 shares of the company’s stock worth $4,094,000 after buying an additional 13,147 shares during the period. Natixis Advisors L.P. bought a new position in First Advantage during the 1st quarter worth about $292,000. MetLife Investment Management LLC grew its holdings in First Advantage by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 32,199 shares of the company’s stock worth $650,000 after acquiring an additional 11,481 shares in the last quarter. Rhumbline Advisers grew its holdings in First Advantage by 16.7% during the 1st quarter. Rhumbline Advisers now owns 56,868 shares of the company’s stock worth $1,148,000 after acquiring an additional 8,154 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in First Advantage by 3.1% during the 1st quarter. BlackRock Inc. now owns 3,256,515 shares of the company’s stock worth $65,747,000 after acquiring an additional 98,570 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

About First Advantage

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First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.

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