Raymond James Trims 5N Plus (TSE:VNP) Target Price to C$5.00

5N Plus (TSE:VNP) had its price target cut by Raymond James from C$5.50 to C$5.00 in a research report released on Wednesday, PriceTargets.com reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for 5N Plus’ FY2021 earnings at $0.09 EPS, FY2022 earnings at $0.18 EPS and FY2023 earnings at $0.23 EPS.

VNP has been the subject of a number of other reports. Laurentian Bank of Canada boosted their price objective on 5N Plus to C$5.50 and gave the company a na rating in a research note on Thursday, February 25th. Laurentian cut their price objective on 5N Plus from C$5.50 to C$4.50 in a research note on Wednesday. Desjardins boosted their price target on 5N Plus from C$5.50 to C$5.75 and gave the stock a buy rating in a report on Wednesday, March 31st. National Bank Financial boosted their price target on 5N Plus from C$5.00 to C$5.25 and gave the stock an outperform rating in a report on Thursday, February 25th. Finally, National Bankshares lowered their price target on 5N Plus from C$5.75 to C$5.25 and set an outperform rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of C$5.21.

Shares of TSE:VNP opened at C$2.82 on Wednesday. The stock has a 50 day moving average of C$4.30 and a 200 day moving average of C$3.53. The company has a market cap of C$229.60 million and a PE ratio of 88.13. The company has a current ratio of 4.13, a quick ratio of 2.07 and a debt-to-equity ratio of 47.23. 5N Plus has a 12-month low of C$1.46 and a 12-month high of C$5.01.

5N Plus (TSE:VNP) last announced its quarterly earnings data on Tuesday, February 23rd. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.05). The company had revenue of C$60.26 million during the quarter, compared to the consensus estimate of C$50.81 million. Equities research analysts predict that 5N Plus will post 0.19 earnings per share for the current fiscal year.

5N Plus Company Profile

5N Plus Inc produces and sells engineered materials and specialty chemicals in Europe, Asia, the Americas, and internationally. It operates in two segments, Electronic Materials and Eco-Friendly Materials. The Electronic Materials segment manufactures and sells refined metals, compounds, and alloys, which are primarily used in a range of electronic applications covering various end-markets consisting of security, aerospace, sensing and imaging, renewable energy, and technical materials; and provides recycling services.

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Analyst Recommendations for 5N Plus (TSE:VNP)

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