5N Plus (TSE:VNP) Sets New 1-Year High - Time to Buy?

Key Points

• 5N Plus hit a new 52-week high, trading up to C$32.15 (last C$31.90) on volume of 195,392 shares, versus a prior close of C$29.23.
• Multiple analysts have raised targets and ratings recently, leaving the stock with an average consensus of Buy and a consensus target price of C$34.08.
• Recent quarter showed C$0.10 EPS, a 12.9% net margin and 28.3% ROE, but the stock trades at a rich PE of 56.25 and has a debt-to-equity ratio of 84.4%.

5N Plus Inc. (TSE:VNP - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$32.15 and last traded at C$31.90, with a volume of 195392 shares changing hands. The stock had previously closed at C$29.23.

Analyst Upgrades and Downgrades

VNP has been the subject of a number of research reports. Ventum Financial boosted their target price on shares of 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. National Bank Financial lifted their price objective 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 boosted 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. ATB Cormark Capital Markets reduced their target price on 5N Plus from C$42.00 to C$37.50 and set a "top pick" rating for the company in a report on Tuesday, February 3rd. Finally, Desjardins raised their target price on 5N Plus from C$24.50 to C$30.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$34.08.

5N Plus Price Performance

The stock's fifty day moving average price is C$26.09 and its 200-day moving average price is C$20.97. The firm has a market cap of C$2.81 billion, a PE ratio of 56.25, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.87. The company has a debt-to-equity ratio of 84.42, a current ratio of 2.76 and a quick ratio of 1.51.

5N Plus (TSE:VNP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share for the quarter. 5N Plus had a net margin of 12.89% and a return on equity of 28.32%. The firm had revenue of C$134.21 million for the quarter. As a group, equities analysts expect that 5N Plus Inc. will post 0.3739703 EPS for the current fiscal 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.

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