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

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

Finance of America Companies Stock Performance

FOA opened at $21.86 on Tuesday. The company has a market capitalization of $234.15 million, a price-to-earnings ratio of 1.87 and a beta of 1.18. The business’s 50-day moving average price is $23.80 and its two-hundred day moving average price is $20.12. Finance of America Companies has a 1 year low of $4.10 and a 1 year high of $32.40. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80.

Finance of America Companies (NYSE:FOA) last announced its earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.24). Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The firm had revenue of ($105.62) million during the quarter, compared to analyst estimates of $80.61 million. Equities analysts expect that Finance of America Companies will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Finance of America Companies

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