5N Plus (TSE:VNP) Stock Price Up 18.5% - Should You Buy?

Key Points

• 5N Plus shares jumped 18.5% to C$31.00 in mid-day trading, with more than 537,000 shares changing hands.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of C$45.28, implying potential upside from the current price.
• The company reported quarterly EPS of C$0.28 on C$194.16 million in revenue, alongside a 29.6% return on equity and a 14.08% net margin; however, its valuation includes a high P/E ratio of 45.48.

5N Plus Inc. (TSE:VNP - Get Free Report) rose 18.5% during mid-day trading on Tuesday. The company traded as high as C$31.17 and last traded at C$31.00. 537,187 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 619,157 shares. The stock had previously closed at C$26.15.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VNP. Canaccord Genuity Group set a C$48.00 price target on 5N Plus and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Raymond James Financial raised shares of 5N Plus from a "moderate buy" rating to a "strong-buy" rating and set a C$45.00 target price on the stock in a research note on Wednesday, August 5th. Royal Bank Of Canada set a C$41.00 price target on shares of 5N Plus and gave the stock a "moderate buy" rating in a research report on Tuesday, July 21st. National Bank Financial reduced their price target on shares of 5N Plus from C$50.00 to C$45.00 and set an "outperform" rating for the company in a research note on Wednesday, August 5th. Finally, Desjardins decreased their price objective on shares of 5N Plus from C$50.00 to C$45.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$45.28.

5N Plus Price Performance

The stock has a 50 day moving average of C$27.85 and a two-hundred day moving average of C$31.91. The company has a debt-to-equity ratio of 45.47, a quick ratio of 1.51 and a current ratio of 2.28. The stock has a market cap of C$2.82 billion, a PE ratio of 45.48, a PEG ratio of 6,283.33 and a beta of 0.59.

5N Plus (TSE:VNP - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported C$0.28 earnings per share for the quarter. The company had revenue of C$194.16 million for the quarter. 5N Plus had a return on equity of 29.60% and a net margin of 14.08%. Equities analysts anticipate that 5N Plus Inc. will post 0.37 EPS for the current 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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