Acadian Timber (TSE:ADN) Given New C$21.00 Price Target at CIBC

Acadian Timber (TSE:ADN) had its price target lowered by CIBC from C$22.00 to C$21.00 in a report published on Thursday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities analysts also recently commented on ADN. Royal Bank of Canada increased their price target on Acadian Timber from C$18.00 to C$20.00 in a report on Friday, May 10th. Raymond James raised their price objective on shares of Acadian Timber from C$18.50 to C$20.00 in a research note on Friday, May 10th.

Acadian Timber Trading Up 0.8 %

Shares of ADN stock opened at C$18.24 on Thursday. Acadian Timber has a 12 month low of C$15.50 and a 12 month high of C$18.69. The company has a quick ratio of 1.04, a current ratio of 0.44 and a debt-to-equity ratio of 36.66. The business’s 50 day moving average is C$17.38 and its two-hundred day moving average is C$17.20. The company has a market cap of C$317.19 million, a PE ratio of 10.48, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADN) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C$0.35 EPS for the quarter. Acadian Timber had a return on equity of 9.48% and a net margin of 29.86%. The company had revenue of C$28.81 million for the quarter. Equities analysts predict that Acadian Timber will post 1.4394904 EPS for the current year.

Acadian Timber Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.16 annualized dividend and a dividend yield of 6.36%. Acadian Timber’s payout ratio is 66.67%.

Acadian Timber Company Profile

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.