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

5N Plus (TSE:VNP) had its price target upped by equities researchers at Desjardins from C$43.00 to C$50.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 21.95% from the company’s previous close.

VNP has been the subject of a number of other research reports. ATB Cormark Capital Markets boosted their price objective on 5N Plus from C$45.00 to C$56.50 and gave the company a “top pick” rating in a research report on Monday, May 25th. National Bank Financial boosted their price objective on 5N Plus from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Canaccord Genuity Group boosted their price objective on 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Raymond James Financial boosted their price objective on 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Ventum Financial boosted their price objective on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$43.58.

5N Plus Stock Performance

TSE:VNP traded down C$1.74 during midday trading on Tuesday, reaching C$41.00. 593,256 shares of the company traded hands, compared to its average volume of 505,662. 5N Plus has a twelve month low of C$7.95 and a twelve month high of C$49.97. The firm 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. The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51. The company has a fifty day moving average price of C$36.26 and a 200 day moving average price of C$27.47.

5N Plus (TSE:VNP) last released 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 business had revenue of C$163.91 million during the quarter. On average, analysts expect that 5N Plus will post 0.3739703 EPS for the current fiscal 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.