ADENTRA Inc. (TSE:ADEN – Get Free Report) has received a consensus recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation.
A number of brokerages have issued reports on ADEN. Acumen Capital upped their price target on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Stifel Nicolaus lifted their price objective on shares of ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Scotiabank dropped their price objective on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 28th. Desjardins upped their target price on ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, TD raised their target price on ADENTRA from C$43.00 to C$46.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th.
Read Our Latest Report on ADENTRA
ADENTRA Stock Performance
ADENTRA (TSE:ADEN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $607.13 million for 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%. On average, sell-side analysts predict that ADENTRA will post 4.7128713 earnings per share for the current fiscal year.
ADENTRA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.8%. ADENTRA’s dividend payout ratio 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.
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