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

Acadian Timber (TSE:ADN) had its target price decreased by CIBC from C$22.00 to C$21.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 16.34% from the company’s previous close.

ADN has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on Acadian Timber from C$18.00 to C$20.00 in a research note on Friday, May 10th. Raymond James increased their price target on Acadian Timber from C$18.50 to C$20.00 in a research note on Friday, May 10th.

Acadian Timber Trading Down 0.4 %

ADN stock traded down C$0.08 during trading on Thursday, hitting C$18.05. The company had a trading volume of 1,705 shares, compared to its average volume of 5,682. The business has a 50-day moving average of C$17.35 and a 200-day moving average of C$17.18. Acadian Timber has a one year low of C$15.50 and a one year high of C$18.69. The stock has a market cap of C$313.89 million, a PE ratio of 10.37, a PEG ratio of -4.84 and a beta of 0.87. The company has a current ratio of 0.44, a quick ratio of 1.04 and a debt-to-equity ratio of 36.66.

Acadian Timber (TSE:ADN) last issued its earnings results on Wednesday, May 8th. The company reported C$0.35 earnings per share for the quarter. The company had revenue of C$28.81 million for the quarter. Acadian Timber had a return on equity of 9.48% and a net margin of 29.86%. Research 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.