TD Securities Has Lowered Expectations for Freehold Royalties (TSE:FRU) Stock Price

Key Points

• TD Securities cut its price target on Freehold Royalties from C$22.00 to C$21.00 while maintaining a "buy" rating, implying roughly a 21.7% upside from the prior close.
• The analyst consensus is a "Hold" with a C$16.54 target; shares dropped about 4% to C$17.25 on heavy volume and trade above the consensus target despite a C$2.83B market cap and recent quarterly EPS of C$0.31.

Freehold Royalties (TSE:FRU - Get Free Report) had its price target reduced by equities research analysts at TD Securities from C$22.00 to C$21.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 21.74% from the company's previous close.

FRU has been the subject of several other research reports. Canaccord Genuity Group raised their price objective on Freehold Royalties from C$16.00 to C$17.00 in a report on Friday, November 14th. Scotiabank lifted their price objective on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 20th. Raymond James Financial upgraded shares of Freehold Royalties from a "hold" rating to a "moderate buy" rating and raised their target price for the company from C$14.50 to C$17.50 in a research note on Tuesday, December 9th. National Bank Financial lowered Freehold Royalties from an "outperform" rating to a "hold" rating and set a C$15.00 price objective on the stock. in a research note on Friday, January 9th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Freehold Royalties from C$14.50 to C$15.25 in a research note on Friday, November 14th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$16.54.

Freehold Royalties Stock Down 4.0%

Shares of FRU stock traded down C$0.72 during trading hours on Thursday, hitting C$17.25. 1,929,935 shares of the company were exchanged, compared to its average volume of 729,143. The company has a market capitalization of C$2.83 billion, a PE ratio of 21.56, a PEG ratio of -0.92 and a beta of 0.65. Freehold Royalties has a 52 week low of C$10.53 and a 52 week high of C$18.22. The business has a 50 day moving average of C$16.52 and a two-hundred day moving average of C$15.04. The company has a current ratio of 1.63, a quick ratio of 1.50 and a debt-to-equity ratio of 27.54.

Freehold Royalties (TSE:FRU - Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.31 earnings per share for the quarter. Freehold Royalties had a return on equity of 12.09% and a net margin of 40.19%.The company had revenue of C$69.76 million during the quarter. Analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal 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. The majority of its revenue is generated from Canada Segment.

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