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

Atlas Engineered Products (CVE:AEP) had its price target decreased by stock analysts at Raymond James from C$2.40 to C$2.10 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price target suggests a potential upside of 84.21% from the company’s previous close.

Separately, Ventum Financial dropped their price target on Atlas Engineered Products from C$2.00 to C$1.75 in a research note on Tuesday, November 26th.

Atlas Engineered Products Trading Down 2.6 %

Atlas Engineered Products stock traded down C$0.03 during trading on Thursday, hitting C$1.14. The company’s stock had a trading volume of 5,409 shares, compared to its average volume of 95,377. The stock has a market capitalization of C$67.40 million, a price-to-earnings ratio of 16.29 and a beta of 1.13. The stock’s fifty day moving average is C$1.22 and its 200 day moving average is C$1.28. Atlas Engineered Products has a 1-year low of C$0.96 and a 1-year high of C$1.70. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16.

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.