Raymond James Sticks to Its Buy Rating for First Capital Realty (FCR)


First Capital Realty (FCR) has received a rating update from a Wall Street analyst today. Analyst Ken Avalos from Raymond James rated First Capital Realty (FCR) a Buy, setting a C$23 price target.

Avalos has an average return of 7.6% when recommending First Capital Realty.

According to TipRanks.com, Avalos is ranked #557 out of 5167 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for First Capital Realty with a C$23.13 average price target, which is a 6.0% upside from current levels. In a report issued on February 12, BMO Capital also reiterated a Buy rating on the stock with a C$23 price target.

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Based on First Capital Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$64.31 million. In comparison, last year the company had a net profit of C$74.83 million.

First Capital Realty, Inc. owns, develops and manages grocery anchored, retail focused urban properties where people live and shop for everyday life. Its properties include groceries, prescription drugs, personal care items, household supplies, banking and other personal services.

The company’s shares closed on Friday at C$21.83.