Acadian Timber (TSE:ADN) Share Price Passes Above 200-Day Moving Average of $16.83

Shares of Acadian Timber Corp. (TSE:ADN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.83 and traded as high as C$18.09. Acadian Timber shares last traded at C$18.08, with a volume of 11,459 shares.

Analysts Set New Price Targets

ADN has been the topic of several research analyst reports. Raymond James upgraded Acadian Timber from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$17.00 to C$18.50 in a research report on Thursday, February 8th. Royal Bank of Canada boosted their price target on Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Finally, CIBC raised Acadian Timber from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$17.00 to C$20.00 in a report on Thursday, April 11th.

Acadian Timber Trading Up 1.4 %

The stock has a fifty day moving average of C$17.29 and a 200 day moving average of C$16.83. The company has a debt-to-equity ratio of 33.08, a quick ratio of 1.04 and a current ratio of 1.96. The company has a market capitalization of C$311.88 million, a PE ratio of 10.51, a PEG ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADN) last posted its quarterly earnings results on Wednesday, February 7th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.08). Acadian Timber had a return on equity of 9.45% and a net margin of 31.49%. The business had revenue of C$23.82 million during the quarter. As a group, sell-side analysts predict that Acadian Timber Corp. 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.