Raymond James Has Lowered Expectations for Atlas Engineered Products (CVE:AEP) Stock Price

Atlas Engineered Products (CVE:AEP - Get Free Report) had its price target decreased by research 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 currently has a "strong-buy" rating on the stock. Raymond James' price objective would indicate a potential upside of 96.26% from the stock's previous close.

Separately, Ventum Financial cut their price objective on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday, November 26th.

Atlas Engineered Products Stock Performance

Atlas Engineered Products stock traded down C$0.06 during midday trading on Thursday, reaching C$1.07. 181,711 shares of the company traded hands, compared to its average volume of 104,666. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. Atlas Engineered Products has a 12 month low of C$0.96 and a 12 month high of C$1.70. The firm has a market capitalization of C$63.26 million, a price-to-earnings ratio of 15.29 and a beta of 1.13. The business has a 50 day moving average of C$1.22 and a two-hundred day moving average of C$1.27.

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.