Acadian Timber (TSE:ADN) Shares Pass Above Two Hundred Day Moving Average of $16.64

Acadian Timber Corp. (TSE:ADN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.64 and traded as high as C$17.81. Acadian Timber shares last traded at C$17.76, with a volume of 1,336 shares trading hands.

Analysts Set New Price Targets

Several research analysts have commented on ADN shares. CSFB boosted their price target on shares of Acadian Timber from C$17.00 to C$18.50 and gave the stock a “neutral” rating in a report on Friday, September 8th. Royal Bank of Canada increased their target price on Acadian Timber from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a report on Thursday, July 27th.

Acadian Timber Price Performance

The company has a debt-to-equity ratio of 34.35, a current ratio of 2.16 and a quick ratio of 1.04. The company’s 50 day simple moving average is C$17.31 and its 200 day simple moving average is C$16.65. The company has a market capitalization of C$302.45 million, a PE ratio of 7.86, a price-to-earnings-growth ratio of -4.84 and a beta of 0.86.

Acadian Timber (TSE:ADN) last posted its earnings results on Wednesday, July 26th. The company reported C$0.17 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.14. Acadian Timber had a net margin of 42.32% and a return on equity of 12.78%. The firm had revenue of C$20.71 million for the quarter. As a group, sell-side analysts predict that Acadian Timber Corp. will post 0.7846747 earnings per share for the current year.

Acadian Timber Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date is Thursday, September 28th. Acadian Timber’s dividend payout ratio (DPR) is currently 51.33%.

Acadian Timber Company Profile

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates through two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick.