Diversified Royalty (TSE:DIV) Price Target Cut to C$4.40 by Analysts at Raymond James Financial

Diversified Royalty (TSE:DIV) had its target price reduced by stock analysts at Raymond James Financial from C$5.00 to C$4.40 in a report issued on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial‘s target price points to a potential upside of 24.65% from the company’s current price.

DIV has been the subject of a number of other research reports. Desjardins decreased their price target on shares of Diversified Royalty from C$4.75 to C$4.50 and set a “buy” rating for the company in a research note on Tuesday. ATB Cormark Capital Markets dropped their price objective on shares of Diversified Royalty from C$7.25 to C$7.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$5.08.

Diversified Royalty Stock Down 2.5%

Shares of DIV traded down C$0.09 during midday trading on Tuesday, hitting C$3.53. The company had a trading volume of 1,919,920 shares, compared to its average volume of 479,164. Diversified Royalty has a 1 year low of C$3.42 and a 1 year high of C$4.98. The firm has a market capitalization of C$666.31 million, a P/E ratio of 20.76 and a beta of 0.90. The company has a debt-to-equity ratio of 212.48, a quick ratio of 1.74 and a current ratio of 0.49. The company’s 50-day simple moving average is C$4.07 and its 200-day simple moving average is C$4.28.

Diversified Royalty (TSE:DIV) last released its earnings results on Saturday, November 7th. The company reported C$0.03 earnings per share for the quarter. Diversified Royalty had a net margin of 39.72% and a return on equity of 10.39%. The firm had revenue of C$31.53 million for the quarter. As a group, sell-side analysts expect that Diversified Royalty will post 0.20 EPS for the current year.

Insider Transactions at Diversified Royalty

In other Diversified Royalty news, insider Sean Morrison acquired 12,626 shares of the stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of C$4.02 per share, with a total value of C$50,756.52. Following the transaction, the insider owned 771,648 shares in the company, valued at C$3,102,024.96. The trade was a 1.66% increase in their position. Also, Director Johnny Ciampi acquired 100,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of C$3.99 per share, for a total transaction of C$399,000.00. Following the acquisition, the director owned 112,767 shares in the company, valued at approximately C$449,940.33. The trade was a 783.27% increase in their position. 0.52% of the stock is owned by insiders.

Diversified Royalty Company Profile

DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. DIV, through its subsidiary, Mr. Lube Canada Ltd., also operates the Mr. Lube + Tires franchisor business in Canada. Mr. Lube + Tires is the leading Canadian automotive service chain specializing in fast, drive-in drive-through, no-appointment-needed vehicle maintenance.