Raymond James Financial Issues Positive Forecast for 5N Plus (TSE:VNP) Stock Price

5N Plus (TSE:VNP) had its target price boosted by Raymond James Financial from C$35.00 to C$38.00 in a report released on Wednesday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the company. National Bank Financial increased their target price on 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. ATB Cormark Capital Markets dropped their target price on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a research report on Tuesday, February 3rd. Desjardins boosted their price target on shares of 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Ventum Financial increased their price target on shares of 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Canaccord Genuity Group raised their price objective on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$34.58.

5N Plus Stock Up 2.2%

Shares of TSE VNP opened at C$32.39 on Wednesday. The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of 57.84, a PEG ratio of 6,283.33 and a beta of 0.87. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 84.42. 5N Plus has a 52-week low of C$5.12 and a 52-week high of C$35.29. The business’s 50 day moving average is C$28.05 and its two-hundred day moving average is C$21.89.

5N Plus (TSE:VNP) last released its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 EPS for the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%.The business had revenue of C$134.21 million during the quarter. Research analysts predict that 5N Plus will post 0.3739703 EPS 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.