Five Point Holdings Llc Receives a New Rating from Top Analyst

By Jason Carr

RBC Capital analyst Robert Wetenhall initiated coverage with a Buy rating on Five Point Holdings Llc (NYSE: FPH) today and set a price target of $19. The company’s shares closed last Friday at $15.70.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 14.5% and a 82.7% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Masonite International.

Currently, the analyst consensus on Five Point Holdings Llc is Moderate Buy and the average price target is $18.38, representing a 17.1% upside.

In a report released today, Citigroup also initiated coverage with a Buy rating on the stock with a $20 price target.

The company has a one year high of $16.74 and a one year low of $14.78. Currently, Five Point Holdings Llc has an average volume of 5.48M.

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