Research analysts at Sandler O’Neill increased their target price on shares of First American Financial Corp. (NYSE: FAF) from $54.00 to $56.00 in a report released on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Sandler O’Neill’s price objective points to a potential upside of 153.62% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital cut their price target on shares of First American Financial Corp. from $28.00 to $26.00 in a research note to investors on Thursday. Analysts at Ladenburg Thalmann downgraded shares of First American Financial Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, June 18th.
Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. First American Financial Corp. presently has an average rating of “Hold” and a consensus price target of $36.67.
Shares of First American Financial Corp. (NYSE: FAF) traded up 1.09% during mid-day trading on Thursday, hitting $22.32. First American Financial Corp. has a 52 week low of $16.40 and a 52 week high of $27.40. The stock’s 50-day moving average is currently $22.4. The company has a market cap of $2.415 billion and a P/E ratio of 7.88.
First American Financial Corp. (NYSE: FAF) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.29 earnings per share. First American Financial Corp.’s revenue was up 18.6% compared to the same quarter last year. Analysts expect that First American Financial Corp. will post $2.07 EPS for the current fiscal year.
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment.