Acadian Timber (TSE:ADN) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Acadian Timber shares crossed above their 200-day moving average, trading around C$17.38–C$17.44 versus the 200‑day MA of C$16.18, suggesting a technical breakout.
• Analysts are modestly positive: Royal Bank of Canada raised its target from C$17.00 to C$18.00, the consensus rating is "Moderate Buy" with an average target of C$18.25.
• The company has solid fundamentals and income appeal with a trailing P/E of 6.44, quarterly EPS of C$2.18 and a net margin of 56.3%, and it pays a 6.7% dividend yield (C$1.16 annualized, ~43% payout ratio).

Acadian Timber Corp. (TSE:ADN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.18 and traded as high as C$17.44. Acadian Timber shares last traded at C$17.38, with a volume of 15,475 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upped their target price on shares of Acadian Timber from C$17.00 to C$18.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$18.25.

Acadian Timber Stock Performance

The firm has a market cap of C$320.77 million, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of -4.84 and a beta of 0.24. The stock has a 50-day moving average of C$16.99 and a 200-day moving average of C$16.18. The company has a debt-to-equity ratio of 30.77, a quick ratio of 1.04 and a current ratio of 0.87.

Acadian Timber (TSE:ADN - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported C$2.18 earnings per share for the quarter. The firm had revenue of C$21.98 million during the quarter. Acadian Timber had a return on equity of 14.25% and a net margin of 56.32%. As a group, analysts anticipate that Acadian Timber Corp. will post 1.0095345 EPS for the current fiscal year.

Acadian Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.16 annualized dividend and a yield of 6.7%. Acadian Timber's dividend payout ratio is presently 42.96%.

Acadian Timber Company Profile

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.

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