Algoma Central (TSE:ALC) PT Raised to C$19.50 at Cormark

Algoma Central (TSE:ALC) had its target price increased by investment analysts at Cormark from C$18.50 to C$19.50 in a research note issued to investors on Thursday, BayStreet.CA reports. Cormark’s price target points to a potential upside of 32.83% from the company’s previous close.

Algoma Central Trading Up 0.1 %

TSE:ALC traded up C$0.01 on Thursday, hitting C$14.68. The stock had a trading volume of 7,879 shares, compared to its average volume of 11,943. Algoma Central has a 1-year low of C$14.14 and a 1-year high of C$15.80. The stock has a market cap of C$567.38 million, a price-to-earnings ratio of 7.34 and a beta of 0.72. The company has a fifty day moving average price of C$14.84 and a two-hundred day moving average price of C$14.85. The company has a quick ratio of 2.06, a current ratio of 1.10 and a debt-to-equity ratio of 48.49.

Algoma Central (TSE:ALC) last released its quarterly earnings data on Monday, February 26th. The company reported C$0.80 EPS for the quarter, beating analysts’ consensus estimates of C$0.57 by C$0.23. Algoma Central had a return on equity of 11.02% and a net margin of 11.49%. The business had revenue of C$201.32 million for the quarter, compared to the consensus estimate of C$186.60 million. Equities research analysts expect that Algoma Central will post 1.7588235 earnings per share for the current fiscal year.

About Algoma Central

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.