ADENTRA Inc. (TSE:ADEN) Given Consensus Recommendation of “Buy” by Brokerages

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation.

ADEN has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Acumen Capital raised their price target on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. TD boosted their price objective on shares of ADENTRA from C$43.00 to C$46.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Desjardins upped their price objective on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, 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.

ADENTRA Stock Performance

Shares of TSE:ADEN opened at $35.52 on Tuesday. The business’s fifty day moving average price is $36.65 and its two-hundred day moving average price is $35.54. The stock has a market cap of $861.18 million, a PE ratio of 13.11 and a beta of 1.59. ADENTRA has a one year low of $31.40 and a one year high of $41.20.

ADENTRA (TSE:ADEN) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). ADENTRA had a return on equity of 10.11% and a net margin of 2.98%.The company had revenue of $607.13 million during the quarter, compared to analyst estimates of $838.14 million. As a group, equities research analysts predict that ADENTRA will post 4.7128713 earnings per share for the current fiscal year.

ADENTRA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were issued a $0.16 dividend. The ex-dividend date was Monday, July 20th. This represents a $0.64 annualized dividend and a yield of 1.8%. ADENTRA’s 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.