Raymond James Lowers Atlas Engineered Products (CVE:AEP) Price Target to C$2.10

Atlas Engineered Products (CVE:AEP) had its target price lowered by investment analysts at Raymond James from C$2.40 to C$2.10 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ target price points to a potential upside of 70.73% from the stock’s previous close. Raymond James also issued estimates for Atlas Engineered Products’ FY2024 earnings at $0.01 EPS, FY2025 earnings at $0.07 EPS and FY2026 earnings at $0.15 EPS.

Separately, Ventum Financial reduced their target price on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday, November 26th.

Atlas Engineered Products Stock Performance

Shares of CVE AEP traded down C$0.01 during midday trading on Tuesday, reaching C$1.23. 237,703 shares of the stock were exchanged, compared to its average volume of 66,635. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. The firm has a 50-day simple moving average of C$1.22 and a two-hundred day simple moving average of C$1.29. Atlas Engineered Products has a twelve month low of C$0.96 and a twelve month high of C$1.70. The firm has a market cap of C$72.72 million, a price-to-earnings ratio of 17.57 and a beta of 1.13.

About Atlas Engineered Products

Atlas Engineered Products Ltd. engages in the design, manufacture, and sale of engineered roof trusses, floor trusses, and wall panels in Canada. The company offers floor joists and floor panels; and design, engineering, permitting, project management, and site assembly services. It also distributes a range of engineered wood products for builders of residential and commercial wood-framed buildings, including single-family homes, townhouses, multi-story wood-framed residential buildings, commercial buildings, and agricultural structures.