First American (FAF, Financial) has unveiled a series of significant leadership modifications. Mark Seaton has been appointed as the new CEO, succeeding Ken DeGiorgio, who is stepping down from the position. In a related move, Matt Wajner, previously serving as Treasurer, has been promoted to the role of Chief Financial Officer (CFO).
Additionally, Dennis Gilmore, who has been the chairman of the board, will transition into the role of executive chairman. These strategic changes in the company's leadership are aimed at steering First American towards continued growth and efficiency.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for First American Financial Corp (FAF, Financial) is $76.20 with a high estimate of $86.00 and a low estimate of $69.00. The average target implies an upside of 24.98% from the current price of $60.97. More detailed estimate data can be found on the First American Financial Corp (FAF) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, First American Financial Corp's (FAF, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First American Financial Corp (FAF, Financial) in one year is $62.04, suggesting a upside of 1.75% from the current price of $60.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First American Financial Corp (FAF) Summary page.
