ADENTRA (TSE:ADEN) Stock Price Expected to Rise, Raymond James Financial Analyst Says

ADENTRA (TSE:ADEN) had its target price upped by investment analysts at Raymond James Financial from C$47.50 to C$50.00 in a research note issued on Tuesday, BayStreet reports. The brokerage presently has a “strong-buy” rating on the stock.

A number of other research firms also recently commented on ADEN. Desjardins lifted their price target on ADENTRA from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research note on Tuesday. TD upped their price objective on ADENTRA from C$48.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday. Scotia increased their target price on 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 increased their target price on ADENTRA from C$46.50 to C$51.50 and gave the stock a “buy” rating in a report on Tuesday. Finally, Acumen Capital lifted their target price on ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

ADENTRA Trading Down 0.2%

ADEN stock traded down $0.06 during mid-day trading on Tuesday, hitting $37.69. 47,170 shares of the company were exchanged, compared to its average volume of 51,946. The company has a market capitalization of $913.79 million, a PE ratio of 13.91 and a beta of 1.27. ADENTRA has a twelve month low of $31.40 and a twelve month high of $41.20. The firm has a fifty day simple moving average of $35.49 and a 200 day simple moving average of $35.70.

ADENTRA (TSE:ADEN) last released its earnings results on Monday, November 9th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.21). The company had revenue of $618.65 million during the quarter, compared to the consensus estimate of $861.54 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. As a group, sell-side analysts anticipate that ADENTRA will post 4.71 earnings per share for the current year.

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.