Raymond James Issues Positive Forecast for Finance of America Companies (NYSE:FOA) Stock Price

Finance of America Companies (NYSE:FOA) had its target price increased by research analysts at Raymond James from $27.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 40.58% from the company’s previous close.

Finance of America Companies Stock Performance

FOA stock opened at $21.34 on Tuesday. Finance of America Companies has a 1-year low of $4.10 and a 1-year high of $32.40. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07. The firm has a market cap of $211.82 million, a PE ratio of 1.82 and a beta of 1.18. The business’s 50-day moving average price is $24.10 and its two-hundred day moving average price is $20.01.

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, research analysts forecast that Finance of America Companies will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Finance of America Companies

Institutional investors have recently added to or reduced their stakes in the stock. Nkcfo LLC acquired a new stake in shares of Finance of America Companies in the 4th quarter valued at about $815,000. Citizens Financial Group Inc. RI acquired a new stake in Finance of America Companies in the 4th quarter valued at approximately $562,000. Barclays PLC bought a new stake in Finance of America Companies in the 4th quarter valued at approximately $492,000. Marshall Wace LLP bought a new stake in Finance of America Companies in the 4th quarter valued at approximately $277,000. Finally, Bastion Asset Management Inc. acquired a new position in Finance of America Companies during the 4th quarter worth approximately $4,850,000. 97.20% of the stock is owned by institutional investors.

About Finance of America Companies

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.