National Bank Financial Forecasts Strong Price Appreciation for 5N Plus (TSE:VNP) Stock

Key Points

• National Bank Financial raised its price target on 5N Plus to C$41.00 from C$38.00 and kept an outperform rating, implying about 9.65% upside from the prior close.
• Analyst sentiment remains positive overall, with a consensus Buy rating and a consensus price target of C$40.50; several firms have recently lifted their targets as well.
• 5N Plus recently traded at C$37.39, near its 52-week high of C$39.70, after reporting quarterly EPS of C$0.28 on revenue of C$163.91 million.

5N Plus (TSE:VNP - Get Free Report) had its price objective raised by equities researchers at National Bank Financial from C$38.00 to C$41.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price objective points to a potential upside of 9.65% from the stock's previous close.

VNP has been the subject of a number of other research reports. ATB Cormark Capital Markets reduced their price objective on shares of 5N Plus from C$42.00 to C$37.50 and set a "top pick" rating for the company in a research report on Tuesday, February 3rd. Canaccord Genuity Group raised their price objective on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Raymond James Financial lifted their price target on shares of 5N Plus from C$38.00 to C$45.00 and gave the company an "outperform" rating in a research report on Friday. Ventum Financial lifted their price target on shares of 5N Plus from C$30.00 to C$35.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Finally, Desjardins lifted their price target on shares of 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 investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, 5N Plus has a consensus rating of "Buy" and a consensus price target of C$40.50.

5N Plus Stock Performance

TSE:VNP traded up C$0.10 during mid-day trading on Friday, reaching C$37.39. The stock had a trading volume of 278,720 shares, compared to its average volume of 474,649. The company has a debt-to-equity ratio of 68.96, a quick ratio of 1.51 and a current ratio of 2.69. The firm has a market capitalization of C$3.36 billion, a price-to-earnings ratio of 66.77, a PEG ratio of 6,283.33 and a beta of 0.98. 5N Plus has a twelve month low of C$7.45 and a twelve month high of C$39.70. The business has a 50 day simple moving average of C$32.00 and a 200 day simple moving average of C$24.78.

5N Plus (TSE:VNP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. The firm had revenue of C$163.91 million during the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. On average, analysts expect that 5N Plus will post 0.3739703 earnings per share 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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