First American Financial Corp (NYSE: FAF) has reported earnings for its first fiscal quarter (ending March 31) of $0.45 versus $0.44 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.09 versus $1.99 for the same period a year ago.
Recent Price Action
First American Financial Corp (NYSE: FAF) stock closed at $57.78 on 4/24/24 after a slight decline of -0.7%. However, this decline was accompanied by below average trading volume at 71% of normal. The stock has performed in line with the market over the last nine months and has risen 4.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FAF is expected to be a modest Value Builder.
First American Financial has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. First American Financial has a neutral Appreciation Score of 52 and a neutral Power Rating of 42, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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