Hardwoods Distribution Inc (HWD) Price Target Raised to C$27.00
Hardwoods Distribution Inc (TSE:HWD) had its target price raised by National Bank Financial from C$23.00 to C$27.00 in a report published on Tuesday morning. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Hardwoods Distribution’s Q4 2017 earnings at $0.31 EPS, FY2017 earnings at $1.56 EPS, FY2018 earnings at $1.70 EPS and FY2019 earnings at $1.89 EPS.
Separately, Canaccord Genuity set a C$23.00 price objective on shares of Hardwoods Distribution and gave the company a buy rating in a research note on Monday, September 25th.
Shares of Hardwoods Distribution (TSE:HWD) opened at 20.80 on Tuesday. The firm’s 50-day moving average price is $20.14 and its 200-day moving average price is $18.79. Hardwoods Distribution has a one year low of $16.00 and a one year high of $21.02. The firm has a market capitalization of $444.35 million and a P/E ratio of 14.10.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Monday, October 16th will be paid a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 1.38%. This is an increase from Hardwoods Distribution’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, October 13th.
About Hardwoods Distribution
Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.
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