Raymond James Reiterates “C$2.25” Price Target for Atlas Engineered Products (CVE:AEP)

Raymond James set a C$2.25 price objective on Atlas Engineered Products (CVE:AEP) in a research report sent to investors on Thursday, BayStreet.CA reports. The firm currently has a strong-buy rating on the stock.

AEP has been the topic of several other research reports. Ventum Cap Mkts upgraded shares of Atlas Engineered Products to a strong-buy rating in a report on Thursday, June 27th. Clarus Securities raised shares of Atlas Engineered Products to a strong-buy rating in a research report on Monday, June 3rd. Finally, Cormark decreased their target price on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th.

Atlas Engineered Products Stock Up 6.3 %

Shares of AEP opened at C$1.35 on Thursday. Atlas Engineered Products has a 12 month low of C$0.93 and a 12 month high of C$1.70. The firm’s 50 day moving average is C$1.32 and its 200-day moving average is C$1.42. The stock has a market capitalization of C$79.81 million, a PE ratio of 19.29 and a beta of 1.13. The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14.

Atlas Engineered Products (CVE:AEP) last announced its quarterly earnings data on Friday, August 16th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$15.09 million for the quarter, compared to analysts’ expectations of C$13.95 million. Atlas Engineered Products had a net margin of 2.90% and a return on equity of 3.90%. Equities research analysts forecast that Atlas Engineered Products will post 0.0743802 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mohammad Hadi Abassi sold 195,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$1.30, for a total value of C$253,500.00. Corporate insiders own 16.92% of the company’s stock.

About Atlas Engineered Products

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.