5N Plus (TSE:VNP) Price Target Raised to C$50.00

5N Plus (TSE:VNP) had its price target raised by investment analysts at Desjardins from C$43.00 to C$50.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 21.95% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Ventum Financial lifted their price objective on 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. ATB Cormark Capital Markets increased their price target on shares of 5N Plus from C$45.00 to C$56.50 and gave the stock a “top pick” rating in a research report on Monday, May 25th. National Bank Financial increased their price target on shares of 5N Plus from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Raymond James Financial increased 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 report on Friday, May 8th. Finally, Canaccord Genuity Group lifted their target price on 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$43.58.

5N Plus Stock Down 4.1%

VNP stock traded down C$1.74 during midday trading on Tuesday, hitting C$41.00. 593,256 shares of the company’s stock were exchanged, compared to its average volume of 505,662. The company has a current ratio of 2.69, a quick ratio of 1.51 and a debt-to-equity ratio of 68.96. 5N Plus has a 12-month low of C$7.95 and a 12-month high of C$49.97. The firm has a 50 day moving average price of C$36.26 and a 200-day moving average price of C$27.47. The stock has a market capitalization of C$3.69 billion, a price-to-earnings ratio of 63.08, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98.

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

About 5N Plus

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.