Acadian Timber (TSE:ADN) Reaches New 1-Year High – Still a Buy?

Acadian Timber Corp. (TSE:ADN)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$18.00 and last traded at C$18.00, with a volume of 2421 shares. The stock had previously closed at C$17.98.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada increased their price objective on shares of Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.25.

Acadian Timber Trading Down 0.3%

The company has a current ratio of 0.85, a quick ratio of 1.04 and a debt-to-equity ratio of 30.96. The business’s 50-day simple moving average is C$17.57 and its two-hundred day simple moving average is C$17.12. The company has a market capitalization of C$330.92 million, a PE ratio of 6.69, a PEG ratio of -4.84 and a beta of 0.36.

Acadian Timber (TSE:ADN) last announced its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share (EPS) for the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%.The business had revenue of C$23.41 million for the quarter. On average, analysts predict that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

About Acadian Timber

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.