Credit Suisse Group Trims Finance Of America Companies (NYSE:FOA) Target Price to $6.00
Finance Of America Companies (NYSE:FOA – Get Rating) had its price objective cut by equities research analysts at Credit Suisse Group to $6.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 140.00% from the stock’s current price.
A number of other equities analysts have also commented on the company. Raymond James dropped their price target on Finance Of America Companies from $10.50 to $8.50 and set a “strong-buy” rating for the company in a research note on Monday, March 7th. Zacks Investment Research downgraded Finance Of America Companies from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley reduced their price target on shares of Finance Of America Companies from $4.00 to $3.75 and set an “equal weight” rating on the stock in a research report on Friday, March 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of Finance Of America Companies from $4.50 to $3.85 and set a “neutral” rating for the company in a research report on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.27.
FOA traded up $0.07 on Thursday, hitting $2.50. 5,325 shares of the company’s stock traded hands, compared to its average volume of 262,140. Finance Of America Companies has a one year low of $2.13 and a one year high of $10.61. The company’s 50 day simple moving average is $2.72 and its 200-day simple moving average is $3.64. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 10.22. The firm has a market cap of $155.80 million, a price-to-earnings ratio of -0.36 and a beta of 0.44.
Finance Of America Companies (NYSE:FOA – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Finance Of America Companies had a negative net margin of 25.42% and a positive return on equity of 13.28%. As a group, equities analysts anticipate that Finance Of America Companies will post 0.53 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in Finance Of America Companies by 99.1% during the 3rd quarter. Royal Bank of Canada now owns 5,366 shares of the company’s stock valued at $27,000 after acquiring an additional 2,671 shares during the period. UBS Group AG grew its holdings in shares of Finance Of America Companies by 301.6% in the third quarter. UBS Group AG now owns 8,212 shares of the company’s stock worth $40,000 after purchasing an additional 6,167 shares during the last quarter. Capstone Financial Advisors Inc. purchased a new position in Finance Of America Companies in the 3rd quarter worth about $50,000. Schonfeld Strategic Advisors LLC bought a new stake in Finance Of America Companies during the 4th quarter valued at about $40,000. Finally, Great Lakes Advisors LLC purchased a new stake in Finance Of America Companies in the 4th quarter valued at about $41,000.
Finance Of America Companies Company Profile (Get Rating)
Finance of America Companies Inc operates a consumer lending platform in the United States. The company operates through: Mortgage Originations, Reverse Originations, Commercial Originations, Lender Services, and Portfolio Management segments. It provides residential mortgage loans to the government sponsored entities; government-insured agricultural lending solutions to farmers; product development, loan securitization, loan sales, risk management, asset management, and servicing oversight services to enterprise and third-party funds; and ancillary business services, title agency and title insurance services, mortgage servicing rights valuation and trade brokerage, transactional fulfillment services, mortgage loan third party review or due diligence services, and appraisal and capital management services to residential mortgage, student lending, and commercial lending industry customers.
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