Algoma Central (TSE:ALC) PT Raised to C$19.50

Algoma Central (TSE:ALC - Get Free Report) had its price objective boosted by stock analysts at Cormark from C$18.50 to C$19.50 in a note issued to investors on Thursday, BayStreet.CA reports. Cormark's price objective would suggest a potential upside of 33.65% from the company's previous close.

Algoma Central Price Performance

Shares of ALC traded down C$0.08 during mid-day trading on Thursday, hitting C$14.59. The company's stock had a trading volume of 12,392 shares, compared to its average volume of 12,001. The firm has a 50-day simple moving average of C$14.84 and a 200 day simple moving average of C$14.85. Algoma Central has a 1-year low of C$14.14 and a 1-year high of C$15.80. The firm has a market capitalization of C$563.90 million, a P/E ratio of 7.34 and a beta of 0.72. The company has a current ratio of 1.10, a quick ratio of 2.06 and a debt-to-equity ratio of 48.49.

Algoma Central (TSE:ALC - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.80 earnings per share for the quarter, topping analysts' consensus estimates of C$0.57 by C$0.23. Algoma Central had a net margin of 11.49% and a return on equity of 11.02%. The business had revenue of C$201.32 million for the quarter, compared to analysts' expectations of C$186.60 million. Analysts predict that Algoma Central will post 1.7588235 EPS for the current fiscal year.

Algoma Central Company Profile

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.