ADENTRA (TSE:ADEN) Stock Gets Price Target Increase from TD

ADENTRA (TSE:ADEN) had its price target upped by investment analysts at TD from C$46.00 to C$48.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock.

A number of other research analysts have also issued reports on ADEN. Desjardins boosted their price target on shares of ADENTRA from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Scotia raised their price objective on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a research report on Monday, August 10th. Acumen Capital raised their price objective on shares of ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th. Finally, Stifel Nicolaus lifted their price objective on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

ADENTRA Stock Performance

ADENTRA stock traded down $0.26 during trading hours on Wednesday, reaching $34.97. 21,078 shares of the stock were exchanged, compared to its average volume of 51,447. The stock has a market cap of $847.85 million, a P/E ratio of 12.90 and a beta of 1.50. ADENTRA has a 52-week low of $31.40 and a 52-week high of $41.20. The firm’s 50 day moving average is $36.22 and its 200 day moving average is $35.22.

ADENTRA (TSE:ADEN) last released its earnings results on Wednesday, August 5th. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $607.13 million during the quarter, compared to analyst estimates of $838.14 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. Equities research analysts expect that ADENTRA will post 4.71 EPS for the current fiscal year.

About ADENTRA

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.