First American Financial Corporation (NYSE: FAF) has a price-to-earnings ratio that is above its average at 22.67x. and a 36-month beta value of 1.30. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price predicted for First American Financial Corporation (FAF) by analysts is $62.80, which is $7.78 above the current market price. The public float for FAF is 99.93M, and at present, short sellers hold a 1.86% of that float. On March 16, 2023, the average trading volume of FAF was 710.23K shares.
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FAF) stock’s latest price update
First American Financial Corporation (NYSE: FAF)’s stock price has increased by 1.81 compared to its previous closing price of 54.04. However, the company has seen a 1.63% increase in its stock price over the last five trading sessions.
FAF’s Market Performance
First American Financial Corporation (FAF) has seen a 1.63% rise in stock performance for the week, with a -10.32% decline in the past month and a 3.44% surge in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are at 2.52% for FAF. The simple moving average for the last 20 days is -2.25% for FAF stock, with a simple moving average of 1.52% for the last 200 days.
Analysts’ Opinion of FAF
Many brokerage firms have already submitted their reports for FAF stocks, with Stephens repeating the rating for FAF by listing it as a “Overweight.” The predicted price for FAF in the upcoming period, according to Stephens is $72 based on the research report published on February 10th of the current year 2023.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see FAF reach a price target of $61. The rating they have provided for FAF stocks is “Mkt Perform” according to the report published on December 15th, 2022.
Credit Suisse gave a rating of “Neutral” to FAF, setting the target price at $74 in the report published on April 01st of the previous year.
FAF Trading at -5.46% from the 50-Day Moving Average
After a stumble in the market that brought FAF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.12% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares sank -10.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.12% upper at present.
During the last 5 trading sessions, FAF rose by +1.63%, which changed the moving average for the period of 200-days by -9.06% in comparison to the 20-day moving average, which settled at $55.98. In addition, First American Financial Corporation saw 5.12% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FAF starting from Leavell Christopher Michael, who sale 39,206 shares at the price of $59.61 back on May 23. After this action, Leavell Christopher Michael now owns 166,465 shares of First American Financial Corporation, valued at $2,336,913 using the latest closing price.
Stock Fundamentals for FAF
Current profitability levels for the company are sitting at:
- +5.37 for the present operating margin
The net margin for First American Financial Corporation stands at +3.46. Equity return is now at value 5.40, with 1.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
To sum up, First American Financial Corporation (FAF) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
