ATB Capital Cuts 5N Plus (TSE:VNP) Price Target to C$37.50

5N Plus (TSE:VNP) had its price target cut by investment analysts at ATB Capital from C$42.00 to C$37.50 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “top pick” rating on the stock. ATB Capital’s price target would suggest a potential upside of 36.26% from the stock’s current price.

Several other equities research analysts have also recently weighed in on VNP. Canaccord Genuity Group set a C$26.00 price target on shares of 5N Plus and gave the stock a “buy” rating in a research report on Thursday, January 8th. Ventum Financial upped their target price on 5N Plus from C$19.00 to C$21.50 in a report on Wednesday, October 29th. Desjardins boosted their price target on 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James Financial upped their price objective on 5N Plus from C$24.00 to C$26.00 in a research note on Wednesday, November 5th. Finally, National Bankshares boosted their target price on shares of 5N Plus from C$17.00 to C$21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat.com, 5N Plus presently has a consensus rating of “Buy” and an average price target of C$28.42.

5N Plus Price Performance

Shares of VNP traded up C$2.01 during mid-day trading on Tuesday, hitting C$27.52. 625,433 shares of the stock were exchanged, compared to its average volume of 478,784. The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49. 5N Plus has a 52-week low of C$4.90 and a 52-week high of C$27.58. The firm has a 50-day moving average of C$19.33 and a two-hundred day moving average of C$17.47. The company has a market cap of C$2.45 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.89.

5N Plus (TSE:VNP) last issued its quarterly earnings results on Monday, November 3rd. The company reported C$0.20 EPS for the quarter. 5N Plus had a net margin of 5.63% and a return on equity of 11.86%. The company had revenue of C$146.06 million for the quarter. On average, equities analysts predict that 5N Plus will post 0.3739703 earnings per share for the current year.

5N Plus Company Profile

5N+ is a leading global producer of specialty semiconductors and performance materials. The Company’s ultra pure materials often form the core element of its customers’ products. These customers rely on 5N+’s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.