Diversified Royalty (TSE:DIV) Given New C$5.50 Price Target at ATB Cormark Capital Markets

Diversified Royalty (TSE:DIV) had its price target boosted by equities research analysts at ATB Cormark Capital Markets from C$5.00 to C$5.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 12.70% from the stock’s current price.

DIV has been the topic of several other research reports. Raymond James Financial boosted their price target on Diversified Royalty from C$4.25 to C$4.70 and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group boosted their price objective on Diversified Royalty from C$4.75 to C$5.50 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Desjardins upped their price objective on Diversified Royalty from C$4.50 to C$4.75 and gave the company a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$4.89.

Diversified Royalty Price Performance

DIV stock traded up C$0.10 during trading on Thursday, hitting C$4.88. The company had a trading volume of 805,982 shares, compared to its average volume of 375,995. The company has a fifty day moving average price of C$4.22 and a two-hundred day moving average price of C$3.97. The company has a current ratio of 2.84, a quick ratio of 1.74 and a debt-to-equity ratio of 103.05. The company has a market cap of C$835.79 million, a P/E ratio of 24.40 and a beta of 1.07. Diversified Royalty has a fifty-two week low of C$2.87 and a fifty-two week high of C$4.92.

Diversified Royalty (TSE:DIV) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$18.80 million for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%. Equities research analysts expect that Diversified Royalty will post 0.2 earnings per share for the current fiscal year.

About Diversified Royalty

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.