Raymond James set a C$20.00 price target on Acadian Timber (TSE:ADN) in a report published on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Acadian Timber’s Q1 2020 earnings at $0.45 EPS, Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.26 EPS and Q4 2020 earnings at $0.21 EPS.
Separately, CIBC boosted their target price on Acadian Timber from C$17.00 to C$18.00 in a report on Thursday.
Shares of TSE ADN traded up C$0.27 during mid-day trading on Thursday, hitting C$17.15. 23,319 shares of the stock traded hands, compared to its average volume of 10,566. The company has a debt-to-equity ratio of 38.41, a quick ratio of 0.98 and a current ratio of 1.03. Acadian Timber has a 52 week low of C$15.52 and a 52 week high of C$17.97. The company has a market cap of $281.68 million and a price-to-earnings ratio of 16.33. The stock has a fifty day moving average price of C$16.57 and a 200-day moving average price of C$16.59.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Monday, March 30th. Acadian Timber’s dividend payout ratio is currently 109.76%.
About Acadian Timber
Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides managements services relating to approximately 1.3 million acres of Crown licensed timberlands.
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