Acadian Timber Corp. (TSE:ADN – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.77 and traded as high as C$17.27. Acadian Timber shares last traded at C$17.17, with a volume of 2,057 shares changing hands.
Analyst Ratings Changes
Several analysts have issued reports on ADN shares. Royal Bank of Canada boosted their price target on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. Raymond James upgraded Acadian Timber from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$17.00 to C$18.50 in a research report on Thursday, February 8th. Finally, CIBC upgraded Acadian Timber from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$17.00 to C$20.00 in a research report on Thursday, April 11th.
Read Our Latest Research Report on Acadian Timber
Acadian Timber Price Performance
Acadian Timber (TSE:ADN – Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.08). Acadian Timber had a net margin of 31.49% and a return on equity of 9.45%. The business had revenue of C$23.82 million for the quarter. As a group, analysts forecast that Acadian Timber Corp. will post 0.7405803 EPS for the current year.
Acadian Timber Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a $0.29 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 6.76%. Acadian Timber’s dividend payout ratio (DPR) is 67.05%.
About Acadian Timber
Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.
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