Hardwoods Distribution (HDI) Price Target Raised to C$16.00
Hardwoods Distribution (TSE:HDI) had its price objective increased by CIBC from C$15.00 to C$16.00 in a research note released on Monday, BayStreet.CA reports.
Several other equities research analysts have also recently issued reports on HDI. Canaccord Genuity cut their price target on Hardwoods Distribution from C$17.00 to C$15.00 in a research note on Monday, March 18th. National Bank Financial set a C$15.00 price target on Hardwoods Distribution and gave the company an outperform rating in a research note on Friday, February 1st.
Shares of HDI stock opened at C$12.69 on Monday. The company has a debt-to-equity ratio of 76.74, a current ratio of 1.94 and a quick ratio of 0.70. The company has a market capitalization of $268.81 million and a P/E ratio of 9.13. Hardwoods Distribution has a 1 year low of C$10.04 and a 1 year high of C$18.97.
The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, April 12th. Hardwoods Distribution’s dividend payout ratio (DPR) is currently 21.40%.
Hardwoods Distribution Company Profile
Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential and commercial construction sectors in Canada and the United States. The company offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, and solid surfaces.
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