Raymond James Financial Upgrades 5N Plus (TSE:VNP) to “Strong-Buy”

5N Plus (TSE:VNP – Get Free Report) was upgraded by investment analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a C$45.00 target price on the stock. Raymond James Financial’s target price suggests a potential upside of 51.41% from the stock’s previous close.

Other analysts have also issued research reports about the company. Royal Bank Of Canada set a C$41.00 price target on 5N Plus and gave the stock a “moderate buy” rating in a research note on Tuesday, July 21st. National Bank Financial raised their target price on shares of 5N Plus from C$41.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Scotia cut their target price on shares of 5N Plus from C$48.00 to C$35.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. Desjardins decreased their price target on shares of 5N Plus from C$50.00 to C$45.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Scotiabank set a C$48.00 price objective on shares of 5N Plus and gave the stock a “sector outperform” rating in a report on Monday, June 22nd. Three analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$45.28.

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5N Plus Trading Down 0.2%

TSE VNP traded down C$0.07 on Wednesday, hitting C$29.72. The company’s stock had a trading volume of 680,562 shares, compared to its average volume of 555,849. 5N Plus has a 52-week low of C$14.18 and a 52-week high of C$49.97. The company has a current ratio of 2.69, a quick ratio of 1.51 and a debt-to-equity ratio of 68.96. The company’s 50-day simple moving average is C$38.85 and its 200 day simple moving average is C$33.76. The firm has a market cap of C$2.67 billion, a P/E ratio of 45.72, a PEG ratio of 6,283.33 and a beta of 0.99.

5N Plus (TSE:VNP – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported C$0.31 earnings per share for the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%.The firm had revenue of C$173.84 million for the quarter. Research analysts predict that 5N Plus will post 0.3739703 EPS for the current fiscal year.

5N Plus Company Profile

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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.

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