First Advantage (NYSE:FA) Now Covered by Analysts at Royal Bank of Canada

Investment analysts at Royal Bank of Canada assumed coverage on shares of First Advantage (NYSE:FA) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $22.00 price target on the stock. Royal Bank of Canada’s price target indicates a potential upside of 25.71% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a research report on Wednesday. William Blair reiterated an “outperform” rating on shares of First Advantage in a research note on Wednesday. Truist Financial dropped their target price on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, Citigroup upped their target price on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.20.

First Advantage Trading Down 2.0 %

Shares of FA opened at $17.50 on Friday. The firm’s 50-day moving average is $19.08 and its two-hundred day moving average is $17.63. The firm has a market capitalization of $3.02 billion, a P/E ratio of 583.33 and a beta of 1.18. First Advantage has a twelve month low of $13.79 and a twelve month high of $20.79. The company has a current ratio of 3.85, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61.

First Advantage (NYSE:FA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. During the same quarter last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts predict that First Advantage will post 0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Advantage

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP boosted its stake in shares of First Advantage by 49.7% in the 2nd quarter. Quarry LP now owns 2,607 shares of the company’s stock valued at $42,000 after purchasing an additional 865 shares in the last quarter. Marshall Wace LLP acquired a new stake in First Advantage in the second quarter worth about $209,000. Oppenheimer Asset Management Inc. bought a new position in shares of First Advantage in the 2nd quarter worth $211,000. Truist Financial Corp acquired a new position in shares of First Advantage during the 2nd quarter worth about $234,000. Finally, Intech Investment Management LLC bought a new position in shares of First Advantage during the third quarter worth $250,000. Institutional investors own 94.91% of the company’s stock.

First Advantage Company Profile

First Advantage Corporation provides employment background screening, identity, and verification solutions worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.