ADENTRA (TSE:ADEN – Get Free Report) had its price objective boosted by research analysts at Raymond James Financial from C$47.50 to C$50.00 in a research report issued to clients and investors on Tuesday, BayStreet reports. The firm currently has a “strong-buy” rating on the stock.
ADEN has been the subject of a number of other reports. Acumen Capital upped their price objective on ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Scotia boosted 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 report on Monday, August 10th. Stifel Nicolaus upped their price target on shares of ADENTRA from C$46.50 to C$51.50 and gave the stock a “buy” rating in a research report on Tuesday. Desjardins increased their price objective on shares of ADENTRA from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Scotiabank increased their price objective on shares of ADENTRA from C$43.00 to C$46.00 and gave the stock a “sector outperform” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat, ADENTRA presently has a consensus rating of “Buy”.
View Our Latest Stock Analysis on ADEN
ADENTRA Stock Down 0.2%
Shares of TSE:ADEN traded down $0.06 during trading on Tuesday, hitting $37.69. 47,170 shares of the company traded hands, compared to its average volume of 51,946. The stock has a market capitalization of $913.79 million, a price-to-earnings ratio of 13.91 and a beta of 1.27. The business’s fifty day moving average is $35.49 and its 200-day moving average is $35.70. ADENTRA has a one year low of $31.40 and a one year high of $41.20.
ADENTRA (TSE:ADEN – Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.21). The company had revenue of $618.65 million for the quarter, compared to analyst estimates of $861.54 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. On average, analysts forecast that ADENTRA will post 4.71 EPS for the current year.
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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