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

Atlas Engineered Products (CVE:AEPGet Free Report) had its price objective dropped by analysts at Raymond James from C$2.40 to C$2.10 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price target would indicate a potential upside of 69.35% from the stock’s current price. 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 decreased their price target on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday, November 26th.

Read Our Latest Stock Analysis on AEP

Atlas Engineered Products Stock Up 1.6 %

AEP stock opened at C$1.24 on Tuesday. The stock has a market capitalization of C$73.31 million, a price-to-earnings ratio of 17.71 and a beta of 1.13. The company has a 50-day moving average of C$1.22 and a two-hundred day moving average of C$1.28. Atlas Engineered Products has a 52-week low of C$0.96 and a 52-week high of C$1.70. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31.

About Atlas Engineered Products

(Get Free Report)

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.

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