Raymond James set a C$2.25 price objective on Atlas Engineered Products (CVE:AEP – Free Report) in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock.
A number of other research firms also recently commented on AEP. Cormark cut their target price on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th. Ventum Cap Mkts raised shares of Atlas Engineered Products to a strong-buy rating in a research report on Thursday, June 27th. Finally, Clarus Securities raised shares of Atlas Engineered Products to a strong-buy rating in a research report on Monday, June 3rd.
Read Our Latest Stock Report on AEP
Atlas Engineered Products Trading Up 6.3 %
Atlas Engineered Products (CVE:AEP – Get Free Report) last posted its quarterly earnings results on Friday, August 16th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$15.09 million for the quarter, compared to the consensus estimate of C$13.95 million. Atlas Engineered Products had a net margin of 2.90% and a return on equity of 3.90%. On average, research analysts anticipate that Atlas Engineered Products will post 0.0743802 EPS for the current year.
Insider Activity
In other news, Director Mohammad Hadi Abassi sold 195,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$1.30, for a total value of C$253,500.00. Company insiders own 16.92% of the company’s stock.
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.
See Also
- Five stocks we like better than Atlas Engineered Products
- What is Insider Trading? What You Can Learn from Insider Trading
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- The 3 Best Retail Stocks to Shop for in August
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- How is Compound Interest Calculated?
- MarketBeat Week in Review – 9/9 – 9/13
Receive News & Ratings for Atlas Engineered Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Engineered Products and related companies with MarketBeat.com's FREE daily email newsletter.