Raymond James Analysts Give Acadian Timber (TSE:ADN) a C$21.00 Price Target

Raymond James set a C$21.00 target price on Acadian Timber (TSE:ADNGet Rating) in a report released on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Scotiabank raised their target price on Acadian Timber from C$18.25 to C$18.75 in a report on Wednesday, January 12th.

Shares of Acadian Timber stock opened at C$19.15 on Thursday. The company has a debt-to-equity ratio of 34.61, a quick ratio of 1.16 and a current ratio of 1.27. Acadian Timber has a 52 week low of C$17.52 and a 52 week high of C$19.84. The stock has a 50 day moving average price of C$19.15 and a two-hundred day moving average price of C$18.83. The stock has a market capitalization of C$319.56 million and a PE ratio of 17.10.

Acadian Timber (TSE:ADNGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The company reported C$0.39 EPS for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.11. The firm had revenue of C$25.95 million during the quarter. Research analysts forecast that Acadian Timber will post 1.0499999 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 15th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.16 dividend on an annualized basis and a yield of 6.06%. Acadian Timber’s dividend payout ratio (DPR) is currently 103.57%.

Acadian Timber Company Profile (Get Rating)

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates through two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick.

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