TD Reiterates C$46.00 Price Target for ADENTRA (TSE:ADEN)

ADENTRA (TSE:ADEN) has been assigned a C$46.00 price objective by stock analysts at TD in a research report issued on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus raised their price objective on shares of ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Acumen Capital increased their price target on ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Desjardins lifted their price target on ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Scotia upped their price objective 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, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

ADENTRA Trading Up 0.4%

ADEN stock traded up $0.14 during trading on Thursday, hitting $35.14. The company had a trading volume of 13,764 shares, compared to its average volume of 53,720. The firm has a market capitalization of $851.97 million, a price-to-earnings ratio of 12.97 and a beta of 1.61. The business has a 50 day moving average of $36.36 and a 200 day moving average of $35.31. ADENTRA has a fifty-two week low of $31.40 and a fifty-two week high of $41.20.

ADENTRA (TSE:ADEN) last released its earnings results on Wednesday, August 5th. The company reported $0.96 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 analyst estimates of $838.14 million. ADENTRA had a net margin of 2.98% and a return on equity of 10.11%. As a group, equities analysts predict that ADENTRA will post 4.7128713 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.