First Advantage (NYSE:FA) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of First Advantage (NYSE:FA - Free Report) in a research report sent to investors on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a $22.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Wolfe Research cut shares of First Advantage from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. BMO Capital Markets initiated coverage on First Advantage in a research note on Wednesday, December 11th. They set an "outperform" rating and a $20.00 price target for the company. Barclays reissued an "overweight" rating and issued a $22.00 price objective on shares of First Advantage in a research note on Wednesday, November 20th. Needham & Company LLC restated a "hold" rating on shares of First Advantage in a report on Wednesday, November 13th. Finally, William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, First Advantage currently has an average rating of "Moderate Buy" and an average price target of $53.29.

First Advantage Stock Up 0.3 %

Shares of NYSE FA traded up $0.06 during mid-day trading on Thursday, reaching $18.48. The company had a trading volume of 401,776 shares, compared to its average volume of 538,572. The stock has a market capitalization of $3.19 billion, a PE ratio of 616.00 and a beta of 1.17. First Advantage has a twelve month low of $14.01 and a twelve month high of $20.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock's 50 day moving average is $18.74 and its 200-day moving average is $18.47.

First Advantage (NYSE:FA - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. As a group, equities analysts anticipate that First Advantage will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of First Advantage

A number of hedge funds have recently bought and sold shares of FA. Dimensional Fund Advisors LP grew its holdings in shares of First Advantage by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company's stock worth $50,314,000 after purchasing an additional 254,219 shares in the last quarter. Barclays PLC lifted its position in First Advantage by 57.3% in the third quarter. Barclays PLC now owns 81,669 shares of the company's stock worth $1,621,000 after purchasing an additional 29,752 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in First Advantage during the third quarter worth $676,000. FMR LLC increased its holdings in First Advantage by 50.8% in the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company's stock valued at $111,161,000 after buying an additional 1,886,716 shares during the period. Finally, Sei Investments Co. raised its stake in shares of First Advantage by 27.5% in the 2nd quarter. Sei Investments Co. now owns 126,159 shares of the company's stock valued at $2,027,000 after buying an additional 27,237 shares in the last quarter. 94.91% of the stock is owned by institutional investors.

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.