First Advantage (NYSE:FA – Get Free Report) had its price target hoisted by analysts at Citigroup from $22.00 to $25.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup‘s price target would indicate a potential upside of 16.36% from the company’s current price.
Several other equities research analysts have also recently issued reports on the stock. Needham & Company LLC raised their target price on shares of First Advantage from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research cut First Advantage from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Jefferies Financial Group reissued a “hold” rating and set a $26.00 price target on shares of First Advantage in a report on Friday. Royal Bank Of Canada raised their price target on First Advantage from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Finally, Barclays lifted their price objective on First Advantage from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.00.
Check Out Our Latest Report on FA
First Advantage Stock Performance
NYSE:FA traded down $2.04 during mid-day trading on Tuesday, reaching $21.48. The company’s stock had a trading volume of 6,951,867 shares, compared to its average volume of 1,561,002. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.69 billion, a P/E ratio of 716.17 and a beta of 1.12. The firm’s fifty day moving average price is $20.34 and its two-hundred day moving average price is $16.59. First Advantage has a 12-month low of $8.82 and a 12-month high of $25.15.
First Advantage (NYSE:FA – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s revenue was up 13.8% on a year-over-year basis. On average, equities analysts forecast that First Advantage will post 0.74 EPS for the current fiscal year.
Institutional Trading of First Advantage
Several large investors have recently added to or reduced their stakes in FA. Voya Investment Management LLC raised its position in First Advantage by 12.1% in the third quarter. Voya Investment Management LLC now owns 17,589 shares of the company’s stock worth $313,000 after acquiring an additional 1,898 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of First Advantage by 99.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 540,307 shares of the company’s stock worth $10,417,000 after acquiring an additional 269,247 shares during the last quarter. Aberdeen Group plc bought a new stake in shares of First Advantage during the 3rd quarter valued at $3,507,000. Russell Investments Group Ltd. grew its position in shares of First Advantage by 12.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 32,501 shares of the company’s stock valued at $579,000 after acquiring an additional 3,699 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of First Advantage by 13.8% in the 3rd quarter. Fifth Third Bancorp now owns 18,881 shares of the company’s stock worth $336,000 after purchasing an additional 2,287 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors.
First Advantage Company Profile
First Advantage provides technology-enabled background screening and verification services to employers and other organizations. Its offerings include criminal-record searches, employment and education verification, identity checks, drug and health screening, and related compliance services used in hiring and workforce management. The company serves customers across North America and international markets, including businesses that need screening processes across multiple locations. Its services are designed to help organizations assess candidates and manage workplace-related risks.
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