First National Financial (TSE:FN) Stock Price Expected to Rise, TD Securities Analyst Says

First National Financial (TSE:FN) had its target price upped by TD Securities from C$42.00 to C$46.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 13.30% from the company’s previous close.

Other research analysts have also issued reports about the company. Scotiabank boosted their target price on First National Financial from C$41.00 to C$44.00 in a report on Wednesday, July 24th. CIBC upped their price objective on shares of First National Financial from C$40.00 to C$44.00 and gave the company a “neutral” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, First National Financial has a consensus rating of “Hold” and an average price target of C$42.67.

First National Financial Stock Down 2.4 %

First National Financial stock opened at C$40.60 on Wednesday. The company has a debt-to-equity ratio of 6,280.61, a current ratio of 8.92 and a quick ratio of 10.11. The company’s 50-day moving average is C$38.75 and its 200-day moving average is C$37.39. The firm has a market capitalization of C$2.43 billion, a PE ratio of 10.76, a P/E/G ratio of 0.70 and a beta of 1.04. First National Financial has a fifty-two week low of C$34.54 and a fifty-two week high of C$42.74.

First National Financial (TSE:FN) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). First National Financial had a return on equity of 30.22% and a net margin of 32.60%. The business had revenue of C$205.45 million for the quarter, compared to analyst estimates of C$227.10 million. Sell-side analysts anticipate that First National Financial will post 4.0243655 earnings per share for the current year.

Insider Activity at First National Financial

In other First National Financial news, insider FNSC Holdings Inc. purchased 25,774 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average cost of C$38.81 per share, for a total transaction of C$1,000,288.94. 71.45% of the stock is currently owned by corporate insiders.

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.