Raymond James Financial Has Lowered Expectations for Acadian Timber (TSE:ADN) Stock Price

Acadian Timber (TSE:ADN) had its price objective dropped by research analysts at Raymond James Financial from C$20.00 to C$18.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 29.10% from the company’s current price. Raymond James Financial also issued estimates for Acadian Timber’s FY2025 earnings at $0.61 EPS, FY2026 earnings at $0.50 EPS and FY2027 earnings at $1.07 EPS.

Separately, Royal Bank Of Canada reduced their target price on shares of Acadian Timber from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Acadian Timber has a consensus rating of “Moderate Buy” and an average target price of C$17.75.

Acadian Timber Price Performance

TSE ADN opened at C$14.33 on Thursday. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 32.89. The stock has a market capitalization of C$259.70 million, a PE ratio of 18.37, a price-to-earnings-growth ratio of -4.84 and a beta of 0.31. The company has a 50 day moving average price of C$16.66 and a two-hundred day moving average price of C$17.39. Acadian Timber has a 12-month low of C$13.98 and a 12-month high of C$18.43.

Acadian Timber Company Profile

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.