5N Plus (TSE:VNP) Stock Price Expected to Rise, Raymond James Financial Analyst Says

5N Plus (TSE:VNP) had its price target lifted by investment analysts at Raymond James Financial from C$35.00 to C$38.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 19.61% from the stock’s current price.

A number of other brokerages have also weighed in on VNP. ATB Cormark Capital Markets reduced their price target on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a research note on Tuesday, February 3rd. National Bank Financial boosted their target price on 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Canaccord Genuity Group upped their target price on 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Desjardins increased their price target on 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Ventum Financial lifted their price target 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’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$34.58.

5N Plus Price Performance

Shares of TSE VNP opened at C$31.77 on Wednesday. The stock has a market cap of C$2.83 billion, a P/E ratio of 56.73, a P/E/G ratio of 6,283.33 and a beta of 0.87. The firm’s 50-day simple moving average is C$28.31 and its 200 day simple moving average is C$21.96. 5N Plus has a fifty-two week low of C$5.12 and a fifty-two week high of C$35.29. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 84.42.

5N Plus (TSE:VNP) last announced its earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$134.21 million during the quarter. 5N Plus had a net margin of 12.89% and a return on equity of 28.32%. Equities analysts expect that 5N Plus will post 0.3739703 EPS for the current year.

5N Plus Company Profile

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.