Raymond James Financial Forecasts Strong Price Appreciation for 5N Plus (TSE:VNP) Stock

Key Points

• Raymond James Financial raised its price target on 5N Plus from C$38.00 to C$45.00 and kept an outperform rating, implying about 20% upside from the current share price.
• Other analysts have also turned more positive, with several raising targets and maintaining buy or outperform ratings; the consensus target now stands at C$40.50.
• 5N Plus shares were trading around C$37.39 after a slight gain, and the company recently reported C$0.28 EPS on C$163.91 million in revenue for the quarter.

5N Plus (TSE:VNP - Get Free Report) had its price target upped by equities researchers at Raymond James Financial from C$38.00 to C$45.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price target would indicate a potential upside of 20.35% from the stock's current price.

A number of other research analysts have also recently commented on the company. National Bank Financial raised their target price on 5N Plus from C$33.00 to C$38.00 and gave the company an "outperform" rating in a research note on Tuesday, April 21st. Desjardins raised their target price on 5N Plus from C$24.50 to C$30.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. Canaccord Genuity Group raised their target price on 5N Plus from C$31.00 to C$34.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. ATB Cormark Capital Markets lowered their target price on 5N Plus from C$42.00 to C$37.50 and set a "top pick" rating for the company in a research note on Tuesday, February 3rd. Finally, Ventum Financial raised their target price on 5N Plus from C$30.00 to C$35.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat, 5N Plus presently has an average rating of "Buy" and an average target price of C$40.50.

5N Plus Trading Up 0.3%

TSE VNP traded up C$0.10 on Friday, hitting C$37.39. The company's stock had a trading volume of 278,720 shares, compared to its average volume of 474,649. 5N Plus has a 52-week low of C$7.45 and a 52-week high of C$39.70. The company has a current ratio of 2.69, a quick ratio of 1.51 and a debt-to-equity ratio of 68.96. The company's 50-day simple moving average is C$32.00 and its 200 day simple moving average is C$24.78. The firm has a market cap of C$3.36 billion, a P/E ratio of 66.77, a PEG ratio of 6,283.33 and a beta of 0.98.

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

About 5N Plus

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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