First National Financial (TSE:FN) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, February 27th. The brokerage currently has a C$32.00 price objective on the stock, up from their previous price objective of C$29.00. TD Securities’ price objective indicates a potential upside of 7.64% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. National Bank Financial dropped their price objective on First National Financial from C$28.00 to C$27.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 31st. BMO Capital Markets dropped their price objective on First National Financial from C$29.00 to C$28.00 in a research note on Thursday, November 1st. Finally, Royal Bank of Canada lowered First National Financial from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$28.90.
Shares of FN opened at C$29.73 on Wednesday. The company has a debt-to-equity ratio of 6,636.96, a current ratio of 10.08 and a quick ratio of 9.89. The stock has a market capitalization of $1.78 billion and a price-to-earnings ratio of 10.91. First National Financial has a 52 week low of C$25.34 and a 52 week high of C$29.99.
In related news, insider FNSC Holdings Inc. acquired 27,934 shares of the firm’s stock in a transaction on Wednesday, January 16th. The shares were acquired at an average cost of C$28.64 per share, for a total transaction of C$800,029.76. Following the completion of the transaction, the insider now directly owns 6,909,051 shares in the company, valued at approximately C$197,875,220.64.
First National Financial Company Profile
First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages, as well as engages in the mortgage broker distribution channel operations.
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