Raymond James Cuts Atlas Engineered Products (CVE:AEP) Price Target to C$2.10

Atlas Engineered Products (CVE:AEP) had its target price cut by Raymond James from C$2.40 to C$2.10 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. They currently have 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 dropped their target price on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday, November 26th.

Atlas Engineered Products Stock Down 1.6 %

Shares of AEP opened at C$1.22 on Tuesday. The stock’s 50-day moving average price is C$1.22 and its two-hundred day moving average price is C$1.28. Atlas Engineered Products has a 12 month low of C$0.96 and a 12 month high of C$1.70. The company has a market capitalization 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 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.