5N Plus (VNP) Price Target Cut to C$4.25 by Analysts at National Bank Financial

5N Plus (TSE:VNP) had its price target cut by National Bank Financial from C$4.50 to C$4.25 in a research report sent to investors on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for 5N Plus’ Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.07 EPS and FY2020 earnings at $0.34 EPS.

Separately, Desjardins reissued a buy rating on shares of 5N Plus in a research note on Wednesday, February 27th.

Shares of TSE VNP traded down C$0.06 during midday trading on Thursday, reaching C$2.95. The company had a trading volume of 906,800 shares, compared to its average volume of 83,187. 5N Plus has a one year low of C$2.65 and a one year high of C$3.83. The company has a current ratio of 2.42, a quick ratio of 0.83 and a debt-to-equity ratio of 40.72. The firm has a market cap of $249.64 million and a PE ratio of 17.77.

5N Plus (TSE:VNP) last released its earnings results on Tuesday, February 26th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. The company had revenue of C$63.06 million during the quarter, compared to the consensus estimate of C$71.74 million. As a group, equities research analysts forecast that 5N Plus will post 0.25 earnings per share for the current fiscal year.

In other news, Director Jean-Marie Bourassa sold 62,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$3.21, for a total value of C$200,312.50. Following the completion of the sale, the director now owns 1,172,000 shares of the company’s stock, valued at approximately C$3,756,260.

About 5N Plus

5N Plus Inc produces and sells specialty chemicals and engineered materials in Europe, Asia, the Americas, and internationally. It operates in two segments, Electronic Materials and Eco-Friendly Materials. The Electronic Materials segment manufactures and sells refined metals, compounds, and alloys, which are primarily used in a range of electronic applications covering various end-markets consisting of security, aerospace, sensing and imaging, renewable energy, and technical materials; and provides recycling services.

See Also: P/E Growth (PEG)

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