Ainsworth Lumber Co. Raised to “Outperform” at Scotiabank (ANS)
Ainsworth Lumber Co. (TSE:ANS) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday. The firm currently has a C$3.30 price target on the stock, down from their previous price target of C$3.40. Scotiabank’s price target indicates a potential upside of 25.00% from the company’s current price.
A number of other analysts have also recently weighed in on ANS. Analysts at CIBC upgraded shares of Ainsworth Lumber Co. to a “sector outperform” rating in a research note on Wednesday, August 13th. Analysts at Dundee Securities initiated coverage on shares of Ainsworth Lumber Co. in a research note on Tuesday, July 8th. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Ainsworth Lumber Co. presently has an average rating of “Buy” and a consensus price target of C$3.52.
Shares of Ainsworth Lumber Co. (TSE:ANS) traded up 5.68% on Thursday, hitting $2.79. 508,543 shares of the company’s stock traded hands. Ainsworth Lumber Co. has a 52-week low of $2.40 and a 52-week high of $4.22. The stock’s 50-day moving average is $2.69 and its 200-day moving average is $3.24. The company’s market cap is $672.1 million.
Ainsworth Lumber Co. (TSE:ANS) last released its earnings data on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Analysts expect that Ainsworth Lumber Co. will post $0.06 EPS for the current fiscal year.
Ainsworth Lumber Co Ltd. (TSE:ANS) is a Canada-based manufacturer and supplier of oriented strand board (OSB) with a focus on value-added specialty products for markets in North America and Asia.
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