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

Atlas Engineered Products (CVE:AEP) had its price objective cut by Raymond James from C$2.40 to C$2.10 in a research note published 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 price target on Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday, November 26th.

Atlas Engineered Products Stock Down 1.6 %

Shares of AEP opened at C$1.22 on Tuesday. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16. Atlas Engineered Products has a one year low of C$0.96 and a one year high of C$1.70. The stock has a market capitalization of C$72.13 million, a price-to-earnings ratio of 17.43 and a beta of 1.13. The stock has a 50 day moving average price of C$1.22 and a 200 day moving average price of C$1.29.

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.