Acadian Timber (TSE:ADN) Share Price Passes Above 200 Day Moving Average – What’s Next?

Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.48 and traded as high as C$17.96. Acadian Timber shares last traded at C$17.78, with a volume of 14,346 shares.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada increased their price target on Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$18.25.

Acadian Timber Price Performance

The firm has a fifty day simple moving average of C$17.17 and a 200 day simple moving average of C$16.48. The company has a market capitalization of C$328.15 million, a PE ratio of 6.63, a P/E/G ratio of -4.84 and a beta of 0.28. The company has a debt-to-equity ratio of 30.96, a quick ratio of 1.04 and a current ratio of 0.85.

Acadian Timber (TSE:ADN) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.19 EPS for the quarter. The company had revenue of C$23.41 million for the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%. Equities analysts anticipate that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

Acadian Timber Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Acadian Timber’s dividend payout ratio (DPR) is 43.28%.

Acadian Timber Company Profile

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.