ADENTRA Inc. (ADEN.TO) – What Are Analysts Thinking About This Stock?

ADENTRA Inc. (TSE:ADEN) has been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company.

ADEN has been the subject of several research analyst reports. Desjardins upped their target price on shares of ADENTRA from C$49.00 to C$53.00 and gave the company a “buy” rating in a report on Tuesday, November 10th. TD lifted 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, November 10th. Scotiabank boosted their price target on shares of ADENTRA from C$43.00 to C$46.00 and gave the company a “sector outperform” rating in a research report on Tuesday, November 10th. Stifel Nicolaus upped 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, November 10th. Finally, Scotia raised their price objective on ADENTRA from C$47.00 to C$49.00 and gave the stock a “sector outperform” rating in a report on Monday, August 10th.

ADENTRA Stock Performance

Shares of ADEN traded up $0.71 during midday trading on Friday, hitting $37.92. The company had a trading volume of 53,053 shares, compared to its average volume of 52,232. The firm has a market capitalization of $919.37 million, a P/E ratio of 13.99 and a beta of 1.27. The company’s 50-day simple moving average is $35.73 and its 200-day simple moving average is $35.69. 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 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.22). The business had revenue of $618.65 million during the quarter, compared to analysts’ expectations of $861.54 million. ADENTRA had a net margin of 3.19% and a return on equity of 10.80%. Equities analysts predict that ADENTRA will post 4.71 earnings per share for the current fiscal year.

ADENTRA Dividend Announcement

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