Finance of America Companies (NYSE:FOA) Price Target Cut to $14.00 by Analysts at UBS Group

Finance of America Companies (NYSE:FOA) had its target price dropped by equities researchers at UBS Group from $15.00 to $14.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 35.92% from the stock’s previous close.

Finance of America Companies Trading Up 5.7 %

Finance of America Companies stock opened at $10.30 on Thursday. The company has a debt-to-equity ratio of 71.55, a quick ratio of 2.83 and a current ratio of 2.83. The stock has a market cap of $1.02 billion, a PE ratio of -8.51 and a beta of 1.05. The stock has a 50-day moving average of $6.98 and a two-hundred day moving average of $6.80. Finance of America Companies has a one year low of $4.10 and a one year high of $16.00.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.15. The company had revenue of $79.04 million during the quarter, compared to analysts’ expectations of $66.00 million. During the same period in the previous year, the business earned ($0.15) earnings per share. On average, research analysts anticipate that Finance of America Companies will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Finance of America Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOA. AQR Capital Management LLC acquired a new position in shares of Finance of America Companies in the second quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Finance of America Companies during the second quarter worth about $43,000. Finally, Renaissance Technologies LLC boosted its position in Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock valued at $55,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.

Finance of America Companies Company Profile

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.