ADENTRA (TSE:ADEN) Price Target Raised to C$53.00

ADENTRA (TSE:ADEN) had its price target hoisted by equities researchers at Desjardins from C$49.00 to C$53.00 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock.

Several other equities analysts also recently commented on the stock. TD upped their price target on shares of ADENTRA from C$48.00 to C$50.00 and gave the company a “buy” rating in a research note 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 research report on Monday, August 10th. 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, Stifel Nicolaus boosted their price objective on shares of ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat, ADENTRA presently has an average rating of “Buy”.

ADENTRA Price Performance

TSE ADEN traded down $0.06 on Tuesday, reaching $37.69. The stock had a trading volume of 47,170 shares, compared to its average volume of 51,946. The company has a market cap of $913.79 million, a P/E ratio of 13.91 and a beta of 1.27. The firm has a fifty day moving average of $35.49 and a two-hundred day moving average of $35.70. ADENTRA has a 1-year low of $31.40 and a 1-year high of $41.20.

ADENTRA (TSE:ADEN) last posted its 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). ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. The firm had revenue of $618.65 million for the quarter, compared to analyst estimates of $861.54 million. Research analysts predict that ADENTRA will post 4.71 EPS for the current fiscal year.

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.