5N Plus (TSE:VNP – Get Free Report) was downgraded by Raymond James from a “strong-buy” rating to an “outperform” rating in a research note issued on Friday, BayStreet.CA reports. They currently have a C$7.50 target price on the stock, up from their prior target price of C$7.00. Raymond James’ price objective points to a potential upside of 24.38% from the stock’s current price.
Several other research analysts also recently issued reports on VNP. Cormark lifted their price target on 5N Plus from C$5.50 to C$7.50 and gave the stock a “buy” rating in a research note on Friday, June 7th. National Bankshares boosted their target price on shares of 5N Plus from C$0.60 to C$0.65 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Finally, Desjardins boosted their target price on shares of 5N Plus from C$6.25 to C$6.75 and gave the company a “buy” rating in a research note on Wednesday, June 5th.
Read Our Latest Stock Report on VNP
5N Plus Stock Performance
5N Plus (TSE:VNP – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.01). The firm had revenue of C$87.66 million during the quarter, compared to analysts’ expectations of C$88.32 million. 5N Plus had a net margin of 6.53% and a return on equity of 13.41%. On average, analysts forecast that 5N Plus will post 0.2529264 EPS for the current year.
Insiders Place Their Bets
In related news, Director Luc Bertrand purchased 5,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was purchased at an average price of C$6.01 per share, for a total transaction of C$30,045.00. In other 5N Plus news, Director Luc Bertrand bought 5,000 shares of 5N Plus stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of C$6.01 per share, for a total transaction of C$30,045.00. Also, Senior Officer Richard Perron sold 4,200 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of C$6.08, for a total value of C$25,536.00. 4.82% of the stock is owned by company insiders.
About 5N Plus
5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.
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