Analysts have been eager to weigh in on the Conglomerates sector with new ratings on ASML Holding (ASML), Precision Drilling (PDS) and Freehold Royalties (FRHLF).
ASML Holding (ASML)
In a report issued on January 7, Mehdi Hosseini from Susquehanna maintained a Hold rating on ASML Holding, with a price target of $420.00. The company’s shares closed last Tuesday at $509.51, close to its 52-week high of $514.28.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 12.1% and a 56.7% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
ASML Holding has an analyst consensus of Strong Buy, with a price target consensus of $486.92.
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Precision Drilling (PDS)
Canaccord Genuity analyst John Bereznicki maintained a Hold rating on Precision Drilling on January 7 and set a price target of C$28.00. The company’s shares closed last Tuesday at $23.67.
According to TipRanks.com, Bereznicki has 0 stars on 0-5 stars ranking scale with an average return of -5.1% and a 44.5% success rate. Bereznicki covers the Industrial Goods sector, focusing on stocks such as Pembina Pipeline, Inter Pipeline, and Gibson Energy.
Currently, the analyst consensus on Precision Drilling is a Moderate Buy with an average price target of $23.60, which is a 0.7% upside from current levels. In a report issued on January 6, Piper Sandler also maintained a Hold rating on the stock with a $18.00 price target.
Freehold Royalties (FRHLF)
Canaccord Genuity analyst Anthony Petrucci maintained a Buy rating on Freehold Royalties on January 7 and set a price target of C$8.50. The company’s shares closed last Monday at $4.37.
According to TipRanks.com, Petrucci is ranked 0 out of 5 stars with an average return of -11.4% and a 32.6% success rate. Petrucci covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Crescent Point Energy, and PrairieSky Royalty.
Currently, the analyst consensus on Freehold Royalties is a Strong Buy with an average price target of $5.55, which is a 27.9% upside from current levels. In a report issued on December 28, National Bank also maintained a Buy rating on the stock with a C$7.50 price target.
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