Fidelity National Financial Inc (NYSE:FNF) price on current trading day, fall -0.86% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $60.21.
A look at the stock’s price movement, the close in the last trading session was $60.73, moving within a range at $60.155 and $61.1. The beta value (5-Year monthly) was 1.403 while the PE ratio in trailing twelve months stood at 17.97. Turning to its 52-week performance, $62.11 and $37.10 were the 52-week high and 52-week low respectively. Overall, FNF moved 2.07% over the past month.
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Fidelity National Financial Inc’s market cap currently stands at around $16.47 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-05. The company has a Forward Dividend ratio of 1.92, with its dividend yield at 3.19%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 3.35B for the company’s revenue for the quarter, with a low and high estimate of 3.22B and 3.49B respectively. The average forecast suggests up to a 20.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 13.04B, representing a 11.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FNF is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend FNF as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FNF’s current price about -0.29% and 3.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.55, while 7-day volatility ratio is 1.74% and 1.68% in the 30-day chart. Further, Fidelity National Financial Inc (FNF) has a beta value of 1.39, and an average true range (ATR) of 1.02. Analysts have given the company’s stock an average 52-week price target of $56.5, forecast between a low of $53 and high of $60. Looking at the price targets, the low is 11.97% off current price level while to achieve the yearly target high, price needs to move 0.35%. Nonetheless, investors will most likely welcome a 6.16% jump to $56.5 which is the analysts’ median price.
If we refocus on Fidelity National Financial Inc (NYSE:FNF), historical trading data shows that trading volumes averaged 1.16 over the past 10 days and 999.98K over the past 3 months. The company’s latest data on shares outstanding shows there are 273.25 million shares.
The 5.88% of Fidelity National Financial Inc’s shares are in the hands of company insiders while institutional holders own 81.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.96 million on 2023-02-15, giving us a short ratio of 3.37. The data shows that as of 2023-02-15 short interest in Fidelity National Financial Inc (FNF) stood at 176.0 of shares outstanding, with shares short falling to 4.12 million registered in 2022-12-30. Current price change has pushed the stock 18.01% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FNF stock continues to rise going into the next quarter.
