Five Point Holdings (FPH) Receiving Somewhat Positive News Coverage, Study Shows

Media coverage about Five Point Holdings (NYSE:FPH) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Five Point Holdings earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.7730568353463 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Five Point Holdings (NYSE FPH) traded down 1.24% on Thursday, reaching $14.28. The company had a trading volume of 126,832 shares. The firm’s market capitalization is $889.39 million. Five Point Holdings has a 52-week low of $13.50 and a 52-week high of $16.74. The company has a 50-day moving average price of $14.43 and a 200-day moving average price of $14.84.

A number of equities research analysts have recently issued reports on the company. Evercore ISI assumed coverage on Five Point Holdings in a research note on Monday, June 5th. They issued an “outperform” rating and a $18.50 target price for the company. JMP Securities assumed coverage on Five Point Holdings in a research note on Monday, June 5th. They issued an “outperform” rating and a $23.00 target price for the company. J P Morgan Chase & Co started coverage on Five Point Holdings in a research note on Monday, June 5th. They issued a “neutral” rating and a $18.00 target price for the company. Wells Fargo & Company started coverage on Five Point Holdings in a report on Monday, June 5th. They issued a “market perform” rating for the company. Finally, Citigroup Inc. started coverage on Five Point Holdings in a report on Monday, June 5th. They issued a “buy” rating and a $20.00 price target for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Five Point Holdings currently has an average rating of “Buy” and an average target price of $19.70.

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About Five Point Holdings

Five Point Holdings, LLC, formerly Newhall Holding Company, LLC, is the owner and developer of mixed-use, planned communities in coastal California. The Company is primarily engaged in the business of planning and developing its three mixed-use, planned communities. It operates in three segments: Newhall, San Francisco and Great Park.

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