Acadian Timber (TSE:ADN) Price Target Cut to C$21.00 by Analysts at CIBC

Acadian Timber (TSE:ADN) had its price target lowered by equities researchers at CIBC from C$22.00 to C$21.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 16.34% from the stock’s previous close.

A number of other research firms have also weighed in on ADN. Royal Bank of Canada raised their price target on shares of Acadian Timber from C$18.00 to C$20.00 in a report on Friday, May 10th. Raymond James raised their price target on shares of Acadian Timber from C$18.50 to C$20.00 in a report on Friday, May 10th.

Acadian Timber Price Performance

ADN stock traded down C$0.08 during trading on Thursday, reaching C$18.05. 1,705 shares of the company were exchanged, compared to its average volume of 5,682. The company has a market cap of C$313.89 million, a P/E ratio of 10.37, a PEG ratio of -4.84 and a beta of 0.87. Acadian Timber has a 52-week low of C$15.50 and a 52-week high of C$18.69. The stock’s 50 day moving average price is C$17.35 and its 200 day moving average price is C$17.18. The company has a debt-to-equity ratio of 36.66, a quick ratio of 1.04 and a current ratio of 0.44.

Acadian Timber (TSE:ADN) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C$0.35 earnings per share (EPS) for the quarter. Acadian Timber had a net margin of 29.86% and a return on equity of 9.48%. The company had revenue of C$28.81 million for the quarter. As a group, analysts predict that Acadian Timber will post 1.4394904 earnings per share for the current fiscal year.

Acadian Timber Company Profile

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.