Investing Focus: Traders Keen on Shares of Fidelity National Financial, Inc. (FNF), Toll Brothers, Inc. (TOL) – The RNS Daily

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The shares of Fidelity National Financial, Inc. (NYSE:FNF) dropped by -6.18% or -$2.56 from its last recorded high of $41.41 which it attained on July 26 to close at $38.85 per share. Over the past 52 weeks, the shares of Fidelity National Financial, Inc. has been trading as low as $29.5 before witnessing a massive surge by 31.69% or $9.35. This price movement has led to the FNF stock receiving more attention and has become one to watch out for. It jumped by 0.13% on Monday and this got the market excited. The stock’s beta now stands at 0.88 and when compared to its 200-day moving average and its 50-day moving average, FNF price stands 7.48% above and 8.24% above respectively. Its average daily volatility for this week is 1.42% which is less than the 2.02% recorded over the past month.

Fidelity National Financial, Inc. (FNF) rose 1.65% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 1.75% and is now up by 23.57% since start of this year. A look at its monthly performance shows that the stock has recorded a 10.78% gain over the past 30 days. Its equity price climbed by 14.4% over the past three months which led to its overall six-month increase to stand at 10.97%.

Experts from research firms are bullish about the near-term performance of Fidelity National Financial, Inc. with most of them predicting a $42.5 price target on a short-term (12 months) basis. The average price target by the analysts will see a 9.4% rise in the stock and would lead to FNF’s market cap to surge to $11.67B. The stock has been rated an average 1.9, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 7 analysts that track Fidelity National Financial, Inc. (NYSE:FNF) and find out that 1 of them rated it as a Hold. 6 of the 6 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at FNF technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 67.33 point. Its trading volume has lost -268406 shares compared to readings over the past three months as it recently exchanged 1021594 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1290000 shares, and this is 0.79 times the normal volume.

The price of Toll Brothers, Inc. (NYSE:TOL) currently stands at $37.61 after it went up by $0.12 or 0.32% and has found a strong support at $37.23 a share. If the TOL price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $36.86 mark would also be bad for the stock as it means that the stock would plunge by 1.99% from its current position. However, if the stock price is able to trade above the resistance point around $37.88, then it could likely surge higher to try and break the upward resistance which stands at $38.16 a share. Its average daily volatility over the past one month stands at 2.4%. The stock has plunged by 1.28% from its 52-weeks high of $37.13 which it reached on May. 21, 2018. In general, it is 23.74% above its 52-weeks lowest point which stands at $28.68 and this setback was observed on Oct. 22, 2018.

Analysts have predicted a price target for Toll Brothers, Inc. (TOL) for 1 year and it stands at an average $38.27/share. This means that it would likely increase by 1.75% from its current position. The current price of the stock has been moving between $37.13 and $37.78. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $32. On the other hand, one analyst is super bullish about the price, setting a target as high as $45.

The TOL stock Stochastic Oscillator (%D) is at 80.78%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.74. The stock currently has an estimated price-earnings (P/E) multiple of 8.34, which is higher than the 7.85 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 36.7% over the past five years.

Analysts view Toll Brothers, Inc. (NYSE:TOL) as a Hold, with 2.7 consensus rating. Reuters surveyed 18 analysts that follow TOL and found that 12 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Toll Brothers, Inc. (TOL) shares or sell it if they already own it.

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