Looking In The Rear-View Mirror: Fidelity National Financial, Inc. (FNF), Knowles Corporation (KN) – The RNS Daily

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Fidelity National Financial, Inc. (NYSE:FNF) average daily volatility for this week is 2.06% which is more than the 1.8% recorded over the past month. Its shares dropped by -17.78% or -$7.56 from its last recorded high of $42.52 which it attained on March 19 to close at $34.96 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 18.51% or $5.46. This price movement has led to the FNF stock receiving more attention and has become one to watch out for. It jumped by 0.81% on Wednesday and this got the market excited. The stock’s beta now stands at 0.85 and when compared to its 200-day moving average and its 50-day moving average, FNF price stands -4.38% below and 5.97% above respectively.

Fidelity National Financial, Inc. (FNF) sank -1.96% 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 drop that has seen it decline -6.22% and is now up by 11.2% since start of this year. A look at its monthly performance shows that the stock has recorded a 8.27% gain over the past 30 days. Its equity price climbed by 6.26% over the past three months which led to its overall six-month decrease to stand at -13.79%.

Experts from research firms are bullish about the near-term performance of Fidelity National Financial, Inc. with most of them predicting a $42.8 price target on a short-term (12 months) basis. The average price target by the analysts will see a 22.43% rise in the stock and would lead to FNF’s market cap to surge to $11.66B. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 6 analysts that track Fidelity National Financial, Inc. (NYSE:FNF) and find out that 1 of them rated it as a Hold. 5 of the 5 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 55.75 point. Its trading volume has lost -256733 shares compared to readings over the past three months as it recently exchanged 1043267 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1300000 shares, and this is 0.8 times the normal volume.

The price of Knowles Corporation (NYSE:KN) currently stands at $15.79 after it went up by $0.05 or 0.32% and has found a strong support at $15.64 a share. If the KN price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $15.49 mark would also be bad for the stock as it means that the stock would plunge by 1.9% from its current position. However, if the stock price is able to trade above the resistance point around $15.99, then it could likely surge higher to try and break the upward resistance which stands at $16.19 a share. Its average daily volatility over the past one month stands at 3.06%. The stock has plunged by 0.63% from its 52-weeks high of $15.69 which it reached on Jul. 26, 2018. In general, it is 30.72% above its 52-weeks lowest point which stands at $10.94 and this setback was observed on Apr. 24, 2018.

Analysts have predicted a price target for Knowles Corporation (KN) for 1 year and it stands at an average $16.44/share. This means that it would likely increase by 4.12% from its current position. The current price of the stock has been moving between $15.69 and $16.04. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $13. On the other hand, one analyst is super bullish about the price, setting a target as high as $19.

The KN stock Stochastic Oscillator (%D) is at 95.61%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.92 which compares to the 0.77 recorded by the industry or the 123.63 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 14.61, which is lower than the 45.24 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -21.9% over the past five years.

Analysts view Knowles Corporation (NYSE:KN) as a Buy, with 0 consensus rating. Reuters surveyed 9 analysts that follow KN and found that 3 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 5 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Knowles Corporation (KN) shares or sell it if they already own it.

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