Shares of ADENTRA Inc. (TSE:ADEN – Get Free Report) traded up 1.1% during mid-day trading on Tuesday. The company traded as high as $35.45 and last traded at $35.23. 21,315 shares traded hands during trading, a decline of 59% from the average daily volume of 51,602 shares. The stock had previously closed at $34.85.
Wall Street Analysts Forecast Growth
ADEN has been the topic of a number of research analyst reports. Acumen Capital boosted their price target on ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Stifel Nicolaus raised their price objective on ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. TD set a C$46.00 price target on ADENTRA and gave the stock a “buy” rating in a research report on Thursday, September 10th. Desjardins lifted their price target 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, Scotia lifted their target price on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating. According to MarketBeat, ADENTRA currently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on ADEN
ADENTRA Stock Up 1.1%
ADENTRA (TSE:ADEN – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). ADENTRA had a net margin of 2.98% and a return on equity of 10.11%. The business had revenue of $607.13 million during the quarter, compared to analyst estimates of $838.14 million. Research analysts forecast that ADENTRA Inc. will post 4.71 earnings per share for the current fiscal year.
ADENTRA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, October 19th. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. ADENTRA’s 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.
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