Time to Buy First National Financial Corp After Today’s Huge Decline?

 Time to Buy First National Financial Corp After Today's Huge Decline?

The stock of First National Financial Corp (TSE:FN) is a huge mover today! The stock decreased 2.88% or $0.73 on November 2, hitting $24.59. About 55,842 shares traded hands or 11.45% up from the average. First National Financial Corp (TSE:FN) has risen 1.04% since March 29, 2016 and is uptrending. It has underperformed by 1.49% the S&P500.
The move comes after 8 months negative chart setup for the $1.53 billion company. It was reported on Nov, 2 by Barchart.com. We have $22.38 PT which if reached, will make TSE:FN worth $137.70 million less.

First National Financial Corp (TSE:FN) Ratings Coverage

Out of 3 analysts covering First National (TSE:FN), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. First National has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. National Bank Canada upgraded First National Financial Corp (TSE:FN) rating on Tuesday, July 28. National Bank Canada has “Outperform” rating and $21 price target. The firm earned “Underperform” rating on Wednesday, July 20 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Underperform” on Wednesday, October 26. The company was downgraded on Friday, October 2 by National Bank Canada. On Friday, October 28 the stock rating was maintained by TD Securities with “Hold”.

More recent First National Financial Corp (TSE:FN) news were published by: Forbes.com which released: “First National Financial (FN) Shares Cross 6% Yield Mark” on October 05, 2016. Also Bloomberg.com published the news titled: “First National Sees Hit to Net Income on Canada Housing Rules” on October 06, 2016. Fool.ca‘s news article titled: “First National Financial Corp. Gets a 20% Haircut” with publication date: October 10, 2016 was also an interesting one.

First National Financial Corporation is a Canada parent firm of First National Financial LP , which is an originator, underwriter and servicer of prime residential (single-family and multi-unit) and commercial mortgages. The company has a market cap of $1.53 billion. The Firm operates through two divisions: Residential (which includes single-family residential mortgages) and Commercial (which includes multi-unit residential and commercial mortgages). It has a 8.92 P/E ratio. The Firm provides mortgage-financing solutions to the mortgage market in Canada.

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