ADENTRA (TSE:ADEN) Price Target Raised to C$54.00

ADENTRA (TSE:ADEN) had its price objective lifted by Acumen Capital from C$50.00 to C$54.00 in a research report released on Tuesday morning,BayStreet reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on ADEN. Desjardins raised their target price on shares of ADENTRA from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday. TD increased their price target on shares of ADENTRA from C$48.00 to C$50.00 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank increased their price target on shares of ADENTRA from C$43.00 to C$46.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. Raymond James Financial raised their price objective on shares of ADENTRA from C$47.50 to C$50.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on shares of ADENTRA from C$46.50 to C$51.50 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, ADENTRA presently has a consensus rating of “Buy”.

ADENTRA Trading Down 2.6%

Shares of TSE:ADEN opened at $37.21 on Tuesday. ADENTRA has a 52 week low of $31.40 and a 52 week high of $41.20. The company’s 50 day moving average is $35.68 and its two-hundred day moving average is $35.68. The company has a market cap of $902.16 million, a PE ratio of 13.73 and a beta of 1.27.

ADENTRA (TSE:ADEN) last posted its earnings results on Monday, November 9th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.22). The business had revenue of $618.65 million for the quarter, compared to analysts’ expectations of $861.54 million. ADENTRA had a return on equity of 10.80% and a net margin of 3.19%. As a group, equities research analysts expect that ADENTRA will post 4.71 EPS for the current year.

ADENTRA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was 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.