First National Financial (TSE:FN) Price Target Cut to C$39.00 by Analysts at BMO Capital Markets

First National Financial (TSE:FN) had its target price lowered by 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’ price objective points to a potential upside of 7.17% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of 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. TD Securities increased their target price on First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, Scotiabank lowered their target price on First National Financial from C$45.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, First National Financial presently has a consensus rating of “Hold” and an average price target of C$40.17.

First National Financial Price Performance

FN opened at C$36.39 on Thursday. The company has a quick ratio of 10.11, a current ratio of 10.29 and a debt-to-equity ratio of 6,070.47. First National Financial has a 12 month low of C$32.86 and a 12 month high of C$41.80. The company has a fifty day simple moving average of C$37.65 and a 200 day simple moving average of C$38.02. The stock has a market cap of C$2.18 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.70 and a beta of 1.06.

First National Financial (TSE:FN) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$0.72 EPS for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.50. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. The business had revenue of C$199.30 million during the quarter, compared to analysts’ expectations of C$164.10 million. On average, research analysts expect that First National Financial will post 3.9252815 EPS for the current year.

First National Financial Company Profile

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.