Finance Of America Companies (NYSE:FOA – Get Rating) had its price target dropped by research analysts at Credit Suisse Group to $5.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. Credit Suisse Group’s price target would indicate a potential upside of 208.64% from the company’s previous close.
Separately, The Goldman Sachs Group dropped their target price on Finance Of America Companies from $4.50 to $3.85 and set a “neutral” rating on the stock in a research report on Monday, April 4th.
Finance Of America Companies Price Performance
Shares of FOA stock opened at $1.62 on Friday. Finance Of America Companies has a fifty-two week low of $1.53 and a fifty-two week high of $6.79. The firm has a market capitalization of $100.96 million, a price-to-earnings ratio of -0.24 and a beta of 0.66. The company has a debt-to-equity ratio of 10.22, a quick ratio of 2.01 and a current ratio of 2.01. The stock’s 50-day simple moving average is $1.98 and its 200-day simple moving average is $2.75.
Finance Of America Companies (NYSE:FOA – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Finance Of America Companies had a positive return on equity of 13.28% and a negative net margin of 25.42%. The business had revenue of $267.43 million for the quarter, compared to analysts’ expectations of $404.76 million. As a group, equities analysts forecast that Finance Of America Companies will post 0.53 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. State Street Corp lifted its holdings in Finance Of America Companies by 3.5% in the first quarter. State Street Corp now owns 487,062 shares of the company’s stock valued at $1,481,000 after acquiring an additional 16,383 shares during the period. Invesco Ltd. raised its stake in shares of Finance Of America Companies by 10.0% during the 1st quarter. Invesco Ltd. now owns 215,121 shares of the company’s stock worth $654,000 after buying an additional 19,600 shares during the period. FCA Corp TX acquired a new position in shares of Finance Of America Companies during the 1st quarter worth approximately $91,000. Renaissance Technologies LLC raised its stake in shares of Finance Of America Companies by 307.5% during the 1st quarter. Renaissance Technologies LLC now owns 377,195 shares of the company’s stock worth $1,147,000 after buying an additional 284,622 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Finance Of America Companies by 47.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 59,088 shares of the company’s stock worth $180,000 after buying an additional 18,960 shares during the period.
About Finance Of America Companies
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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