ADENTRA Inc. (TSE:ADEN) Given Average Recommendation of “Buy” by Brokerages

ADENTRA Inc. (TSE:ADEN) has been given a consensus rating of “Buy” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation.

ADEN has been the subject of several research reports. Acumen Capital upped their price target on shares of ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th. Scotia raised their price objective on shares of ADENTRA from C$47.00 to C$49.00 and gave the stock a “sector outperform” rating in a report on Monday, August 10th. Stifel Nicolaus boosted their target price on shares of ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research report on Friday, August 7th. TD set a C$46.00 target price on shares of ADENTRA and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Desjardins increased 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 report on Friday, August 7th.

ADENTRA Price Performance

Shares of ADEN opened at $35.16 on Friday. ADENTRA has a one year low of $31.40 and a one year high of $41.20. The firm has a market capitalization of $852.45 million, a P/E ratio of 12.97 and a beta of 1.61. The business has a fifty day moving average of $36.30 and a 200 day moving average of $35.17.

ADENTRA (TSE:ADEN) last posted its earnings results on Wednesday, August 5th. The company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The firm had revenue of $607.13 million during the quarter, compared to the consensus estimate of $838.14 million. ADENTRA had a net margin of 2.98% and a return on equity of 10.11%. Analysts expect that ADENTRA will post 4.7128713 EPS for the current fiscal year.

ADENTRA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, July 20th. ADENTRA’s dividend payout ratio is 16.61%.

ADENTRA Company Profile

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.