First National Financial (TSE:FN) PT Lowered to C$42.00

First National Financial (TSE:FN) had its price objective cut by TD Securities from C$44.00 to C$42.00 in a report released on Thursday, BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 15.42% from the company’s current price.

Several other research firms also recently commented on FN. Scotiabank dropped their price objective on shares of First National Financial from C$45.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday. Royal Bank of Canada dropped 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 report on Wednesday. Finally, BMO Capital Markets dropped their price objective on shares of First National Financial from C$41.00 to C$39.00 in a report on Thursday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$40.17.

First National Financial Trading Up 0.3 %

TSE:FN opened at C$36.39 on Thursday. First National Financial has a one year low of C$32.86 and a one year high of C$41.80. The company has a debt-to-equity ratio of 6,070.47, a current ratio of 10.29 and a quick ratio of 10.11. The firm has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The business has a fifty day moving average price of C$37.65 and a 200-day moving average price of C$38.02.

First National Financial (TSE:FN) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.50. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. The business had revenue of C$199.30 million during the quarter, compared to analyst estimates of C$164.10 million. Sell-side analysts forecast 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.