Barclays Issues Pessimistic Forecast for Fidelity National Financial (NYSE:FNF) Stock Price

Fidelity National Financial (NYSE:FNF) had its target price cut by Barclays from $54.00 to $47.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 20.22% from the stock’s current price.

FNF has been the subject of several other reports. Stephens reiterated an “overweight” rating and issued a $55.00 target price on shares of Fidelity National Financial in a research note on Monday, August 24th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. National Bank Financial set a $54.00 price objective on Fidelity National Financial in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Finally, Zacks Research upgraded Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $54.25.

Fidelity National Financial Price Performance

Shares of FNF opened at $39.09 on Monday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $45.84 and its 200 day simple moving average is $47.49. Fidelity National Financial has a 1-year low of $38.06 and a 1-year high of $60.37. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.58 and a beta of 0.94.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. On average, research analysts forecast that Fidelity National Financial will post 5.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidelity National Financial

A number of large investors have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Fidelity National Financial in the 2nd quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new position in Fidelity National Financial during the 4th quarter worth $28,000. Ancora Advisors LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth $43,000. Markowski Investments acquired a new stake in shares of Fidelity National Financial during the second quarter worth $51,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Fidelity National Financial by 105.4% in the first quarter. SJS Investment Consulting Inc. now owns 1,908 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 979 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a leading provider of title insurance and transaction services in the United States. Through its title insurance companies, the company helps protect property owners and lenders against losses arising from defects in property titles and supports the closing of residential and commercial real estate transactions.

FNF operates a portfolio of well-known title brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.