ADENTRA (TSE:ADEN – Free Report) had its price target increased by TD from C$46.00 to C$48.00 in a research report released on Wednesday,BayStreet reports. They currently have a buy rating on the stock.
A number of other equities research analysts have also commented on the company. Stifel Nicolaus upped their price target on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Desjardins raised their price objective 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. Acumen Capital raised their price objective on ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th. Finally, Scotia lifted their price objective on ADENTRA from C$47.00 to C$49.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 10th. Seven analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.
View Our Latest Stock Report on ADEN
ADENTRA Stock Down 2.3%
Shares of ADENTRA stock opened at $34.12 on Wednesday. The stock has a market cap of $827.24 million, a price-to-earnings ratio of 12.59 and a beta of 1.50. ADENTRA has a twelve month low of $31.40 and a twelve month high of $41.20. The company’s fifty day moving average is $36.01 and its 200 day moving average is $35.23.
ADENTRA (TSE:ADEN – Get Free Report) last announced its earnings results 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 the consensus estimate of $838.14 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. As a group, equities analysts anticipate that ADENTRA will post 4.71 earnings per share for the current fiscal year.
ADENTRA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, October 19th. This represents a $0.64 annualized dividend and a dividend yield of 1.9%. ADENTRA’s dividend 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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