Royal Bank Of Canada Issues Positive Forecast for Acadian Timber (TSE:ADN) Stock Price

Acadian Timber (TSE:ADN) had its target price increased by Royal Bank Of Canada from C$17.00 to C$18.00 in a report published on Thursday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Acadian Timber Price Performance

Shares of TSE:ADN opened at C$17.06 on Thursday. The company’s fifty day moving average price is C$16.92 and its 200 day moving average price is C$16.13. Acadian Timber has a 12 month low of C$13.98 and a 12 month high of C$18.43. The company has a debt-to-equity ratio of 30.77, a current ratio of 0.87 and a quick ratio of 1.04. The firm has a market capitalization of C$314.86 million, a P/E ratio of 6.32, a P/E/G ratio of -4.84 and a beta of 0.24.

Acadian Timber (TSE:ADN) last announced its quarterly earnings results on Wednesday, February 11th. The company reported C$2.18 EPS for the quarter. Acadian Timber had a net margin of 56.32% and a return on equity of 14.25%. The firm had revenue of C$21.98 million for the quarter. As a group, sell-side analysts predict that Acadian Timber will post 1.0095345 earnings per share for the current fiscal year.

Acadian Timber Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.8%. The ex-dividend date was Tuesday, March 31st. Acadian Timber’s dividend payout ratio (DPR) is currently 42.96%.

About Acadian Timber

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.