Atb Cap Markets Lowers Freehold Royalties (TSE:FRU) to Hold

Freehold Royalties (TSE:FRU) was downgraded by analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

Separately, Scotiabank dropped their target price on Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$17.45.

Freehold Royalties Trading Up 0.9 %

Shares of TSE FRU opened at C$13.99 on Tuesday. The business’s 50 day moving average is C$13.73 and its two-hundred day moving average is C$13.93. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50. Freehold Royalties has a 1-year low of C$12.66 and a 1-year high of C$15.06. The stock has a market capitalization of C$2.11 billion, a P/E ratio of 13.99, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.26 earnings per share for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. The company had revenue of C$84.50 million for the quarter. As a group, research analysts expect that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.