KeyBanc Maintains Hold Rating on First Industrial Realty with $55.71 Price Target

KeyBanc analyst Todd Thomas maintains a Hold rating on First Industrial Realty (FR), citing a Moderate Buy consensus from analysts with an average price target of $55.71, an 11.71% upside from current levels. Thomas has a 4-star analyst rating with a 7.4% average return and 54.55% success rate.

KeyBanc analyst Todd Thomas maintains a Hold rating on First Industrial Realty (FR), despite a Moderate Buy consensus from analysts with an average price target of $55.71, representing an 11.71% upside from current levels [1]. Thomas, who has a 4-star analyst rating with a 7.4% average return and 54.55% success rate, cited high valuation metrics and potential market corrections as reasons for his Hold rating.

The Moderate Buy consensus is based on ratings from nine analysts in the past three months. Among these, six analysts have a Buy rating, while three have a Hold rating. The highest price target is $59.00, with the lowest being $51.00. The average price target of $55.71 indicates a 11.71% increase from the current price of $49.87 [1].

Other notable analysts include Nicholas Yulico from Scotiabank, who also maintains a Hold rating, and Ki Bin Kim from Truist Financial, who has a Buy rating. Truist Financial has an average return of 10.29% and a success rate of 75.00% over the past 12 months [1].

First Industrial Realty (FR) has shown strong performance, with earnings beating estimates 75.00% of the time in the past 12 months and sales estimates 75.00% of the time. The company has outperformed its overall industry in the last calendar year [1].

References:
[1] https://www.tipranks.com/stocks/fr/forecast