Desjardins Issues Pessimistic Estimate for CVE:AEP Earnings

Atlas Engineered Products Ltd. (CVE:AEP - Free Report) - Research analysts at Desjardins cut their FY2026 earnings estimates for Atlas Engineered Products in a research report issued to clients and investors on Thursday, May 29th. Desjardins analyst F. Tremblay now anticipates that the company will post earnings of $0.07 per share for the year, down from their prior estimate of $0.08. Desjardins currently has a "Buy" rating and a $1.50 price target on the stock. The consensus estimate for Atlas Engineered Products' current full-year earnings is $0.11 per share.

Separately, Raymond James set a C$1.50 target price on shares of Atlas Engineered Products and gave the stock a "buy" rating in a research note on Wednesday, May 28th.

Atlas Engineered Products Stock Performance

AEP stock remained flat at C$0.92 during mid-day trading on Monday. The company's stock had a trading volume of 202,629 shares, compared to its average volume of 107,392. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The company has a market cap of C$67.70 million, a P/E ratio of 35.97 and a beta of 1.13. The company has a fifty day moving average of C$0.83 and a two-hundred day moving average of C$1.01. Atlas Engineered Products has a 52 week low of C$0.72 and a 52 week high of C$1.54.

Atlas Engineered Products Company Profile

Atlas Engineered Products Ltd. engages in the design, manufacture, and sale of engineered roof trusses, floor trusses, and wall panels in Canada. The company offers floor joists and floor panels; and design, engineering, permitting, project management, and site assembly services. It also distributes a range of engineered wood products for builders of residential and commercial wood-framed buildings, including single-family homes, townhouses, multi-story wood-framed residential buildings, commercial buildings, and agricultural structures.