TD Securities Cuts First National Financial (TSE:FN) Price Target to C$42.00

First National Financial (TSE:FN) had its price target decreased by stock analysts at TD Securities from C$44.00 to C$42.00 in a research note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 14.72% from the company’s current price.

FN has been the topic of several other research reports. Scotiabank decreased their price objective on First National Financial from C$45.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Wednesday. Royal Bank of Canada decreased their price objective on First National Financial from C$43.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets decreased their price target on First National Financial from C$41.00 to C$39.00 in a report on Thursday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$40.17.

First National Financial Stock Up 2.6 %

FN stock traded up C$0.93 during midday trading on Thursday, hitting C$36.61. The stock had a trading volume of 29,960 shares, compared to its average volume of 33,177. The firm has a market cap of C$2.20 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. 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. First National Financial has a 52-week low of C$32.86 and a 52-week high of C$41.80. The business has a 50-day moving average of C$37.80 and a two-hundred day moving average of C$38.03.

First National Financial (TSE:FN) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$199.30 million for the quarter, compared to the consensus estimate of C$164.10 million. As a group, equities research analysts forecast that First National Financial will post 3.9252815 earnings per share for the current fiscal 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.