ADENTRA (TSE:ADEN) Price Target Raised to C$50.00

ADENTRA (TSE:ADEN) had its price target raised by Raymond James Financial from C$47.50 to C$50.00 in a research note published on Tuesday,BayStreet reports. Raymond James Financial currently has a strong-buy rating on the stock.

Several other analysts have also recently issued reports on ADEN. Scotia upped their price objective on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a research note on Monday, August 10th. Stifel Nicolaus increased their price objective on shares of ADENTRA from C$46.50 to C$51.50 and gave the company a “buy” rating in a report on Tuesday. Scotiabank raised their target price 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. TD boosted their target price on ADENTRA from C$48.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Acumen Capital upped their price target on ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

ADENTRA Stock Down 2.6%

Shares of 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 stock has a market cap of $902.16 million, a PE ratio of 13.73 and a beta of 1.27. The firm’s fifty day moving average is $35.68 and its two-hundred day moving average is $35.68.

ADENTRA (TSE:ADEN) last issued its earnings results on Monday, November 9th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.22). The business had revenue of $618.65 million during 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%. As a group, research analysts anticipate that ADENTRA will post 4.71 earnings per share for the current year.

ADENTRA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were issued 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 payout ratio 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.