ADENTRA (TSE:ADEN) Price Target Raised to C$51.50

ADENTRA (TSE:ADEN) had its price target upped by Stifel Nicolaus from C$46.50 to C$51.50 in a research note released on Tuesday,BayStreet reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts also recently weighed in on the stock. TD boosted their target price on shares of ADENTRA from C$48.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotia raised their price target on shares of ADENTRA from C$47.00 to C$49.00 and gave the stock a “sector outperform” rating in a report on Monday, August 10th. Desjardins raised their price target on shares of ADENTRA from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday. Acumen Capital lifted their price objective on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Finally, Scotiabank boosted their price objective on shares of ADENTRA from C$43.00 to C$46.00 and gave the company a “sector outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

ADENTRA Stock Performance

Shares of TSE ADEN opened at $37.21 on Tuesday. ADENTRA has a fifty-two week low of $31.40 and a fifty-two week high of $41.20. The company has a market cap of $902.16 million, a PE ratio of 13.73 and a beta of 1.27. The business has a 50-day simple moving average of $35.68 and a two-hundred day simple moving average of $35.68.

ADENTRA (TSE:ADEN) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.22). The company had revenue of $618.65 million for the quarter, compared to analyst estimates of $861.54 million. ADENTRA had a net margin of 3.19% and a return on equity of 10.80%. On average, sell-side analysts predict that ADENTRA will post 4.71 earnings per share for the current fiscal year.

ADENTRA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, October 19th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%. ADENTRA’s payout ratio is 16.61%.

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.