Ventum Financial Has Lowered Expectations for Atlas Engineered Products (CVE:AEP) Stock Price

Atlas Engineered Products (CVE:AEP) had its target price cut by equities research analysts at Ventum Financial from C$2.00 to C$1.75 in a report issued on Tuesday,BayStreet.CA reports. Ventum Financial’s price objective suggests a potential upside of 52.17% from the company’s previous close.

A number of other analysts have also commented on the stock. Raymond James set a C$2.25 price target on shares of Atlas Engineered Products and gave the stock a “strong-buy” rating in a research note on Thursday, September 12th. Cormark reduced their price target on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research note on Tuesday, August 20th.

Atlas Engineered Products Price Performance

CVE:AEP opened at C$1.15 on Tuesday. The firm has a market cap of C$67.99 million, a P/E ratio of 16.43 and a beta of 1.13. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16. Atlas Engineered Products has a fifty-two week low of C$0.93 and a fifty-two week high of C$1.70. The firm has a 50-day simple moving average of C$1.28 and a two-hundred day simple moving average of C$1.33.

Atlas Engineered Products Company Profile

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.