5N Plus Inc. (TSE:VNP) Given Average Recommendation of “Buy” by Brokerages

Shares of 5N Plus Inc. (TSE:VNP) have earned an average rating of “Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$45.50.

VNP has been the topic of a number of research reports. Raymond James Financial upped their price target on 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. National Bank Financial boosted their price objective on 5N Plus from C$41.00 to C$50.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Desjardins boosted their price objective on 5N Plus from C$43.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Scotiabank set a C$48.00 target price on 5N Plus and gave the stock a “sector outperform” rating in a research report on Monday, June 22nd. Finally, ATB Cormark Capital Markets increased their target price on 5N Plus from C$45.00 to C$56.50 and gave the stock a “top pick” rating in a report on Monday, May 25th.

5N Plus Price Performance

Shares of TSE VNP opened at C$43.78 on Thursday. The firm’s 50-day moving average price is C$39.80 and its 200-day moving average price is C$30.80. 5N Plus has a 1-year low of C$8.88 and a 1-year high of C$49.97. The firm has a market capitalization of C$3.94 billion, a P/E ratio of 67.35, a P/E/G ratio of 6,283.33 and a beta of 0.92. The company has a current ratio of 2.69, a quick ratio of 1.51 and a debt-to-equity ratio of 68.96.

5N Plus (TSE:VNP) last issued its earnings results on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. The company had revenue of C$163.91 million during the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%. Equities research analysts anticipate that 5N Plus will post 0.3739703 earnings per share for the current fiscal year.

About 5N Plus

5N+ is a leading global producer of specialty semiconductors and performance materials. The Company’s ultra pure materials often form the core element of its customers’ products. These customers rely on 5N+’s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.