5N Plus (TSE:VNP) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of 5N Plus (TSE:VNP) from a moderate buy rating to a strong-buy rating in a research note released on Wednesday, MarketBeat.com reports. Raymond James Financial currently has C$45.00 price target on the stock.

Several other equities analysts also recently issued reports on the company. Scotiabank set a C$48.00 target price on 5N Plus and gave the company a “sector outperform” rating in a research report on Monday, June 22nd. Royal Bank Of Canada set a C$41.00 price target on 5N Plus and gave the company a “moderate buy” rating in a research note on Tuesday, July 21st. National Bank Financial increased 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. Canaccord Genuity Group set a C$48.00 price objective on 5N Plus and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Scotia decreased their target price on 5N Plus from C$48.00 to C$35.00 and set a “sector outperform” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat.com, 5N Plus has a consensus rating of “Buy” and a consensus target price of C$45.28.

5N Plus Price Performance

Shares of VNP stock opened at C$30.46 on Wednesday. 5N Plus has a fifty-two week low of C$14.18 and a fifty-two week high of C$49.97. The firm has a market capitalization of C$2.74 billion, a price-to-earnings ratio of 46.86, a PEG ratio of 6,283.33 and a beta of 0.95. The company has a debt-to-equity ratio of 45.47, a quick ratio of 1.51 and a current ratio of 2.28. The stock’s 50-day simple moving average is C$37.97 and its 200-day simple moving average is C$33.87.

5N Plus (TSE:VNP) last announced its quarterly earnings data on Monday, August 3rd. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$173.84 million during the quarter. 5N Plus had a net margin of 14.08% and a return on equity of 29.60%. As a group, equities analysts forecast that 5N Plus will post 0.3739703 earnings per share for the current fiscal year.

5N Plus Company Profile

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.