Acadian Timber (TSE:ADN) Reaches New 12-Month High – Time to Buy?

Acadian Timber Corp. (TSE:ADN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$18.00 and last traded at C$18.00, with a volume of 2421 shares traded. The stock had previously closed at C$17.98.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upped their price target on shares of Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$18.25.

Acadian Timber Stock Down 0.3%

The company has a quick ratio of 1.04, a current ratio of 0.85 and a debt-to-equity ratio of 30.96. The firm has a market capitalization of C$330.92 million, a price-to-earnings ratio of 6.69, a P/E/G ratio of -4.84 and a beta of 0.36. The stock has a 50 day moving average of C$17.57 and a 200 day moving average of C$17.12.

Acadian Timber (TSE:ADN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.19 earnings per share (EPS) for the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%.The firm had revenue of C$23.41 million for the quarter. As a group, analysts expect that Acadian Timber Corp. will post 1.0095345 earnings per share for the current fiscal year.

About Acadian Timber

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.