Acadian Timber (TSE:ADN) Share Price Passes Above 200 Day Moving Average of $16.76

Acadian Timber Corp. (TSE:ADN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.76 and traded as high as C$17.29. Acadian Timber shares last traded at C$17.05, with a volume of 8,045 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. CIBC raised Acadian Timber from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$17.00 to C$20.00 in a research report on Thursday, April 11th. Raymond James raised shares of Acadian Timber from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$17.00 to C$18.50 in a report on Thursday, February 8th. Finally, Royal Bank of Canada upped their target price on shares of Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th.

Acadian Timber Stock Down 0.6 %

The company has a market cap of C$292.39 million, a P/E ratio of 9.80, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 1.96 and a debt-to-equity ratio of 33.08. The company has a fifty day moving average of C$17.05 and a 200 day moving average of C$16.76.

Acadian Timber (TSE:ADN) last released its quarterly earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.08). Acadian Timber had a net margin of 31.49% and a return on equity of 9.45%. The firm had revenue of C$23.82 million for the quarter. On average, research analysts anticipate that Acadian Timber Corp. will post 0.7405803 earnings per share for the current fiscal year.

Acadian Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.16 annualized dividend and a yield of 6.84%. Acadian Timber’s dividend payout ratio (DPR) is 67.05%.

About Acadian Timber

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.