5N Plus (TSE:VNP) Price Target Raised to C$43.00 at Desjardins

Key Points

• Desjardins raised its price target on 5N Plus to C$43.00 from C$35.50 and maintained a buy rating, implying about 15% upside from the current share price.
• Other analysts also turned more bullish, with multiple firms lifting targets; MarketBeat says 5N Plus now has a consensus Buy rating and a C$40.50 average price target.
• The stock traded up modestly to C$37.39, near its 52-week high of C$39.70, after the company recently reported quarterly EPS of C$0.28 on revenue of C$163.91 million.

5N Plus (TSE:VNP - Get Free Report) had its price objective boosted by Desjardins from C$35.50 to C$43.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' price target points to a potential upside of 15.00% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group upped their price objective on 5N Plus from C$31.00 to C$34.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Raymond James Financial upped their price objective on 5N Plus from C$38.00 to C$45.00 and gave the stock an "outperform" rating in a research note on Friday. National Bank Financial upped their price objective on 5N Plus from C$38.00 to C$41.00 and gave the stock an "outperform" rating in a research note on Friday. Ventum Financial upped their price objective on 5N Plus from C$30.00 to C$35.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Finally, ATB Cormark Capital Markets upped their price objective on 5N Plus from C$37.50 to C$45.00 and gave the stock a "top pick" rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, 5N Plus currently has a consensus rating of "Buy" and a consensus price target of C$40.50.

5N Plus Trading Up 0.3%

VNP traded up C$0.10 during trading hours on Friday, reaching C$37.39. 278,720 shares of the company's stock traded hands, compared to its average volume of 474,649. The firm has a 50-day moving average price of C$32.00 and a 200 day moving average price of C$24.78. 5N Plus has a 52-week low of C$7.45 and a 52-week high of C$39.70. The company has a quick ratio of 1.51, a current ratio of 2.69 and a debt-to-equity ratio of 68.96. The firm has a market capitalization of C$3.36 billion, a PE ratio of 66.77, a PEG ratio of 6,283.33 and a beta of 0.98.

5N Plus (TSE:VNP - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share for the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%.The business had revenue of C$163.91 million during the quarter. As a group, sell-side analysts predict that 5N Plus will post 0.3739703 EPS for the current fiscal year.

About 5N Plus

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.

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