Guggenheim Lowers Price Target on First Niagara Financial Group (FNFG)

By admin | 6 years ago

Research analysts at Guggenheim dropped their target price on shares of First Niagara Financial Group (NASDAQ: FNFG) to $9.00 in a report released on Monday. The firm currently has a “neutral” rating on the stock.

First Niagara Financial Group opened at 8.23 on Monday. First Niagara Financial Group has a 52-week low of $8.09 and a 52-week high of $14.23. The company has a market cap of $2.871 billion and a price-to-earnings ratio of 13.77.

First Niagara Financial Group last posted its quarterly earnings results on Thursday, April 19th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.05. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that First Niagara Financial Group will post $0.24 EPS next quarter.

A number of other analysts have also recently weighed in on FNFG. Analysts at Janney Montgomery Scott upgraded shares of First Niagara Financial Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, May 10th. Separately, analysts at HSBC (NYSE: HBC) reiterated a “buy” rating on shares of First Niagara Financial Group in a research note to investors on Monday, April 23rd. Finally, analysts at Sandler O’Neill downgraded shares of First Niagara Financial Group from a “buy” rating to a “hold” rating in a research note to investors on Friday, April 20th.

First Niagara Financial Group, Inc. provides a range of retail and commercial banking, as well as other financial services, through its wholly owned bank subsidiary, First Niagara Bank, N.

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