Acadian Timber (TSE:ADN) Sets New 1-Year High – Should You Buy?

Acadian Timber Corp. (TSE:ADN) 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 changing hands. The stock had previously closed at C$17.98.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada boosted their price objective on shares of Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$18.25.

Acadian Timber Stock Down 0.2%

The company has a debt-to-equity ratio of 30.96, a current ratio of 0.85 and a quick ratio of 1.04. The company has a market capitalization of C$329.44 million, a price-to-earnings ratio of 6.66, a PEG ratio of -4.84 and a beta of 0.36. The firm has a 50-day moving average price of C$17.58 and a two-hundred day moving average price of C$17.15.

Acadian Timber (TSE:ADN) last released its earnings results on Wednesday, May 6th. The company reported C$0.19 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, sell-side analysts anticipate 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.