Raymond James Issues Pessimistic Forecast for Atlas Engineered Products (CVE:AEP) Stock Price

Atlas Engineered Products (CVE:AEP) had its price objective lowered by Raymond James from C$2.40 to C$2.10 in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has a strong-buy rating on the stock. 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 lowered their price target on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday, November 26th.

Atlas Engineered Products Stock Performance

CVE AEP opened at C$1.22 on Tuesday. The stock has a market cap of C$72.13 million, a PE ratio of 17.43 and a beta of 1.13. The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14. Atlas Engineered Products has a twelve month low of C$0.96 and a twelve month high of C$1.70. The stock has a fifty day simple moving average of C$1.22 and a 200-day simple moving average of C$1.29.

Atlas Engineered Products Company Profile

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.