ADENTRA (TSE:ADEN) Price Target Raised to C$50.00

ADENTRA (TSE:ADEN) had its price objective upped by TD from C$48.00 to C$50.00 in a research report sent to investors on Tuesday,BayStreet reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently weighed in on ADEN. Desjardins boosted their target price on ADENTRA from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Stifel Nicolaus increased their price target 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. Scotia increased their price target 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. Finally, Acumen Capital lifted their price target on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

ADENTRA Stock Down 2.6%

TSE ADEN opened at $37.21 on Tuesday. The stock’s 50-day simple moving average is $35.68 and its two-hundred day simple moving average is $35.68. ADENTRA has a twelve month low of $31.40 and a twelve month high of $41.20. The company has a market capitalization of $902.16 million, a price-to-earnings ratio of 13.73 and a beta of 1.27.

ADENTRA (TSE:ADEN) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.22). The firm had revenue of $618.65 million during the quarter, compared to analysts’ expectations of $861.54 million. ADENTRA had a return on equity of 10.80% and a net margin of 3.19%. On average, equities analysts expect that ADENTRA will post 4.71 earnings per share for the current fiscal year.

ADENTRA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, October 19th. ADENTRA’s dividend payout ratio (DPR) is 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.