ADENTRA Inc. (TSE:ADEN) Stock Now Rated “Buy” by Sell-Side Brokerages

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating.

A number of equities analysts have commented on ADEN shares. Desjardins increased their target price on ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, August 7th. Scotia boosted their price target on ADENTRA from C$47.00 to C$49.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 10th. Stifel Nicolaus boosted their price target on ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. TD set a C$46.00 price objective on ADENTRA and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, Acumen Capital lifted their target price on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th.

ADENTRA Stock Performance

Shares of ADEN opened at $35.23 on Wednesday. The business’s 50-day moving average is $36.22 and its two-hundred day moving average is $35.22. ADENTRA has a fifty-two week low of $31.40 and a fifty-two week high of $41.20. The company has a market capitalization of $854.15 million, a P/E ratio of 13.00 and a beta of 1.50.

ADENTRA (TSE:ADEN) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The business had revenue of $607.13 million during the quarter, compared to analyst estimates of $838.14 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. Analysts forecast that ADENTRA will post 4.71 EPS for the current year.

ADENTRA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, October 19th. 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.