Raymond James Reiterates “C$2.25” Price Target for Atlas Engineered Products (CVE:AEP)

Raymond James set a C$2.25 price objective on Atlas Engineered Products (CVE:AEP) 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.

Atlas Engineered Products Trading Up 6.3 %

AEP stock opened at C$1.35 on Thursday. The company has a market capitalization of C$79.81 million, a PE ratio of 19.29 and a beta of 1.13. Atlas Engineered Products has a 12 month low of C$0.93 and a 12 month high of C$1.70. The firm’s 50-day moving average is C$1.32 and its 200 day moving average is C$1.42. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31.

Atlas Engineered Products (CVE:AEP) 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.