A Wall Street analyst has provided a review for the Materials company on January 3, but retained the same rating on the stock. Analyst Benoit Laprade from Scotiabank rated Acadian Timber (ADN) a Hold on January 3, setting a C$19 price target.
According to TipRanks.com, Laprade is a 2-star analyst with an average return of -0.4% and a 57.4% success rate. Laprade covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Louisiana-Pacific, and Cascades Inc.
Acadian Timber has an analyst consensus of Hold, with a price target consensus of C$18.
Based on Acadian Timber’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$5.95 million. In comparison, last year the company had a net profit of C$12.35 million.
Acadian Timber Corp. engages in the operation of timberland and supplies forest products. It operates through the following segments: New Brunswick Timberlands, Maine Timberlands, and Corporate. The company was founded on January 1, 2010 and is headquartered in Vancouver, Canada.
The company’s shares closed on Friday at C$14.86, close to its 52-week low of C$14.25.
