ADENTRA Inc. (TSE:ADEN) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of ADENTRA Inc. (TSE:ADEN) have earned an average rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation.

Several equities research analysts have commented on ADEN shares. TD boosted their price target on shares of ADENTRA from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Scotia raised their price objective on ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th. Desjardins raised their price objective on ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, August 7th. Stifel Nicolaus lifted their target price on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Acumen Capital upped their target price on ADENTRA from C$48.00 to C$50.00 in a report on Friday, August 7th.

ADENTRA Stock Up 0.4%

TSE:ADEN opened at $34.10 on Wednesday. The company has a market cap of $826.75 million, a P/E ratio of 12.58 and a beta of 1.50. ADENTRA has a twelve month low of $31.40 and a twelve month high of $41.20. The business has a 50 day moving average price of $35.80 and a two-hundred day moving average price of $35.25.

ADENTRA (TSE:ADEN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The business had revenue of $607.13 million during the quarter, compared to analyst estimates of $838.14 million. ADENTRA had a net margin of 2.98% and a return on equity of 10.11%. As a group, analysts anticipate that ADENTRA will post 4.71 earnings per share for the current fiscal year.

ADENTRA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, October 19th. ADENTRA’s dividend payout ratio (DPR) is currently 16.61%.

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.