TD Analysts Give ADENTRA (TSE:ADEN) a C$46.00 Price Target

TD set a C$46.00 price target on ADENTRA (TSE:ADEN – Free Report) in a research note published on Thursday,BayStreet reports. The firm currently has a buy rating on the stock.

ADEN has been the topic of a number of other research reports. Acumen Capital boosted their price objective on ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Stifel Nicolaus increased their target price on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Desjardins increased their target price on ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Scotia raised their target price 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. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ADENTRA has a consensus rating of “Buy”.

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ADENTRA Stock Up 0.6%

ADENTRA stock opened at $35.43 on Thursday. The firm has a fifty day moving average of $36.31 and a 200-day moving average of $35.29. ADENTRA has a 52-week low of $31.40 and a 52-week high of $41.20. The firm has a market capitalization of $859.00 million, a P/E ratio of 13.07 and a beta of 1.61.

ADENTRA (TSE:ADEN – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $838.14 million. On average, research analysts expect that ADENTRA will post 4.7128713 EPS for the current fiscal year.

ADENTRA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a dividend of $0.16 per share. The ex-dividend date was Monday, July 20th. This represents a $0.64 annualized dividend and a dividend yield of 1.8%. ADENTRA’s dividend payout ratio (DPR) is currently 16.61%.

About ADENTRA

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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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