5N Plus (TSE:VNP) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

5N Plus (TSE:VNP) had its price target upped by investment analysts at ATB Cormark Capital Markets from C$45.00 to C$56.50 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “top pick” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 24.20% from the stock’s previous close.

VNP has been the subject of several other research reports. Desjardins raised their price target on shares of 5N Plus from C$35.50 to C$43.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Raymond James Financial raised their price target on shares of 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. National Bank Financial raised their price objective on shares of 5N Plus from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Canaccord Genuity Group raised their price objective on shares of 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Ventum Financial raised their price objective on shares of 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$42.42.

5N Plus Stock Up 1.7%

TSE:VNP traded up C$0.76 on Monday, hitting C$45.49. The stock had a trading volume of 160,157 shares, compared to its average volume of 479,089. The company has a debt-to-equity ratio of 68.96, a quick ratio of 1.51 and a current ratio of 2.69. The stock has a market cap of C$4.09 billion, a P/E ratio of 69.98, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98. 5N Plus has a 1 year low of C$7.95 and a 1 year high of C$46.00. The firm’s fifty day simple moving average is C$34.46 and its two-hundred day simple moving average is C$26.45.

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