Atlas Engineered Products (CVE:AEP) Given a C$1.50 Price Target by Desjardins Analysts

Desjardins set a C$1.50 price objective on Atlas Engineered Products (CVE:AEP - Free Report) in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for Atlas Engineered Products' FY2025 earnings at $0.03 EPS and FY2026 earnings at $0.07 EPS.

Separately, Raymond James downgraded shares of Atlas Engineered Products from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, March 31st.

Atlas Engineered Products Stock Performance

Atlas Engineered Products stock traded up C$0.02 during midday trading on Wednesday, hitting C$0.85. The stock had a trading volume of 44,502 shares, compared to its average volume of 95,966. 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 has a 52-week low of C$0.83 and a 52-week high of C$1.70. The company has a market capitalization of C$62.55 million, a PE ratio of 33.24 and a beta of 1.13. The firm's fifty day moving average is C$0.92 and its two-hundred day moving average is C$1.12.

About Atlas Engineered Products

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.