Acadian Timber (TSE:ADN) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Acadian Timber's shares moved above their 200-day moving average (200‑day MA C$16.15), trading as high as C$17.31 and last at C$17.16 on volume of 11,785 shares.
• Royal Bank of Canada raised its target on the stock from C$17.00 to C$18.00 and assigned a "sector perform" rating; the consensus is a Moderate Buy with an average target of C$18.25.
• Acadian Timber offers a quarterly dividend of C$0.29 (annualized C$1.16) for a yield of 6.8%, and shows solid fundamentals with a market cap of C$316.7M, P/E of 6.36 and last-quarter EPS of C$2.18.

Acadian Timber Corp. (TSE:ADN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.15 and traded as high as C$17.31. Acadian Timber shares last traded at C$17.16, with a volume of 11,785 shares traded.

Analysts Set New Price Targets

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

Acadian Timber Stock Up 0.6%

The company has a market cap of C$316.70 million, a P/E ratio of 6.36, a price-to-earnings-growth ratio of -4.84 and a beta of 0.24. The company has a 50 day moving average of C$16.96 and a 200-day moving average of C$16.15. The company has a debt-to-equity ratio of 30.77, a current ratio of 0.87 and a quick ratio of 1.04.

Acadian Timber (TSE:ADN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported C$2.18 earnings per share (EPS) for the quarter. The company 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%. On average, equities analysts predict that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

Acadian Timber Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.16 annualized dividend and a yield of 6.8%. Acadian Timber's dividend payout ratio (DPR) is currently 42.96%.

About Acadian Timber

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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