5N Plus (VNP) Stock Rating Reaffirmed by Desjardins

5N Plus (TSE:VNP)‘s stock had its “average” rating reissued by equities research analysts at Desjardins in a research report issued on Thursday. They currently have a C$4.25 target price on the stock. Desjardins’ price target suggests a potential upside of 40.26% from the company’s current price. Desjardins also issued estimates for 5N Plus’ FY2019 earnings at $0.29 EPS.

Separately, National Bank Financial reaffirmed an “outperform spec under weight” rating on shares of 5N Plus in a report on Tuesday, August 7th.

Shares of TSE VNP opened at C$3.03 on Thursday. The company has a current ratio of 2.07, a quick ratio of 0.79 and a debt-to-equity ratio of 43.51. 5N Plus has a fifty-two week low of C$2.22 and a fifty-two week high of C$3.73.

5N Plus (TSE:VNP) last announced its quarterly earnings data on Tuesday, August 7th. The company reported C$0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.06 by C($0.01). The business had revenue of C$75.32 million during the quarter, compared to analysts’ expectations of C$75.09 million. Sell-side analysts predict that 5N Plus will post 0.230000014281047 EPS for the current fiscal year.

In other news, insider Nicholas Audet sold 75,000 shares of the business’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of C$3.55, for a total transaction of C$266,250.00.

5N Plus Company Profile

5N Plus Inc produces and sells specialty chemicals and engineered materials in Europe, Asia, and the Americas. It operates in two segments, Electronic Materials and Eco-Friendly Materials. The Electronic Materials segment manufactures and sells refined metals, compounds, and alloys, which are primarily used in a range of electronic applications covering various end-markets consisting of security, aerospace, sensing and imaging, renewable energy, and technical materials; and provides recycling services.

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