Finance of America Companies (NYSE:FOA) Price Target Raised to $30.00 at Raymond James

Finance of America Companies (NYSE:FOA) had its price objective increased by Raymond James from $27.00 to $30.00 in a research note published on Tuesday,Benzinga reports. Raymond James currently has an outperform rating on the stock.

Finance of America Companies Stock Up 2.8 %

Shares of Finance of America Companies stock opened at $22.00 on Tuesday. The company has a market capitalization of $235.66 million, a P/E ratio of 1.88 and a beta of 1.18. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80. The business has a 50-day moving average of $24.02 and a two-hundred day moving average of $20.09. Finance of America Companies has a 1 year low of $4.10 and a 1 year high of $32.40.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.24). The business had revenue of ($105.62) million during the quarter, compared to analyst estimates of $80.61 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. As a group, equities analysts predict that Finance of America Companies will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Finance of America Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI acquired a new stake in Finance of America Companies in the 4th quarter valued at approximately $52,000. Bank of America Corp DE lifted its position in Finance of America Companies by 3,503.1% during the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock worth $65,000 after buying an additional 2,242 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Finance of America Companies in the 4th quarter valued at about $204,000. XTX Topco Ltd bought a new stake in Finance of America Companies during the fourth quarter worth about $213,000. Finally, Marshall Wace LLP bought a new position in Finance of America Companies in the fourth quarter valued at approximately $277,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.

Finance of America Companies Company Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.