Raymond James Financial Forecasts Strong Price Appreciation for 5N Plus (TSE:VNP) Stock

5N Plus (TSE:VNP) had its target price lifted by research analysts at Raymond James Financial from C$38.00 to C$45.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 20.35% from the company’s previous close.

A number of other analysts have also recently commented on VNP. Ventum Financial upped their price objective on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Canaccord Genuity Group boosted their price target on 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Desjardins boosted their price target on 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a report on Monday, February 2nd. ATB Cormark Capital Markets cut their price target on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a report on Tuesday, February 3rd. Finally, National Bank Financial boosted their price target on 5N Plus from C$33.00 to C$38.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$40.50.

5N Plus Stock Performance

5N Plus stock traded up C$0.10 during mid-day trading on Friday, reaching C$37.39. 278,720 shares of the stock traded hands, compared to its average volume of 474,649. The stock has a market capitalization of C$3.36 billion, a PE ratio of 66.77, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98. The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51. 5N Plus has a 12-month low of C$7.45 and a 12-month high of C$39.70. The business’s 50-day moving average is C$32.00 and its 200-day moving average is C$24.78.

5N Plus (TSE:VNP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. The company had revenue of C$163.91 million during the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%. As a group, sell-side analysts predict that 5N Plus will post 0.3739703 EPS for the current fiscal 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.