Finance of America Companies (NYSE:FOA) Stock Rating Lowered by UBS Group

Finance of America Companies (NYSE:FOA) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a $24.00 price target on the stock, up from their previous price target of $14.00. UBS Group’s target price would suggest a potential upside of 15.72% from the company’s previous close.

Finance of America Companies Price Performance

Shares of NYSE:FOA opened at $20.74 on Wednesday. The firm has a market cap of $205.95 million, a PE ratio of 1.77 and a beta of 1.07. The firm’s fifty day moving average is $13.30 and its 200-day moving average is $9.03. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80. Finance of America Companies has a 52 week low of $4.10 and a 52 week high of $27.89.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.54. The company had revenue of $290.07 million for the quarter, compared to analyst estimates of $72.00 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. During the same quarter in the previous year, the business earned ($1.40) earnings per share. Sell-side analysts predict that Finance of America Companies will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Finance of America Companies

Several hedge funds and other institutional investors have recently bought and sold shares of FOA. Point72 Asia Singapore Pte. Ltd. acquired a new position in Finance of America Companies in the second quarter valued at $43,000. AQR Capital Management LLC bought a new stake in Finance of America Companies in the second quarter valued at $41,000. Finally, Renaissance Technologies LLC increased its stake in Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock valued at $55,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

Finance of America Companies Company Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.