Freehold Royalties (TSE:FRU) Stock Rating Upgraded by Raymond James Financial

Freehold Royalties (TSE:FRU) was upgraded by Raymond James Financial from a “hold” rating to a “moderate buy” rating in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has a C$17.50 target price on the stock, up from their previous target price of C$14.50. Raymond James Financial’s target price indicates a potential upside of 14.98% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. CIBC increased their price objective on shares of Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. National Bankshares raised their price target on shares of Freehold Royalties from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Canaccord Genuity Group lifted their price objective on Freehold Royalties from C$16.00 to C$17.00 in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Freehold Royalties currently has a consensus rating of “Moderate Buy” and an average target price of C$15.75.

Freehold Royalties Stock Up 0.6%

FRU opened at C$15.22 on Tuesday. The company has a fifty day moving average of C$14.37 and a two-hundred day moving average of C$13.57. The stock has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 19.03, a PEG ratio of -0.92 and a beta of 0.60. Freehold Royalties has a fifty-two week low of C$10.53 and a fifty-two week high of C$15.51. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$74.36 million for the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%. On average, research analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current year.

About Freehold Royalties

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.