ADENTRA (TSE:ADEN) Price Target Raised to C$46.00

ADENTRA (TSE:ADEN) had its price objective upped by Scotiabank from C$43.00 to C$46.00 in a research note published on Tuesday morning,BayStreet reports. They currently have a sector outperform rating on the stock.

Several other research firms have also commented on ADEN. Acumen Capital increased their price objective on shares of ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th. TD boosted their target price on shares of ADENTRA from C$48.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday. Scotia upped their price objective on ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a research report on Monday, August 10th. Desjardins lifted their target price on ADENTRA from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus lifted their target price on ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

ADENTRA Price Performance

Shares of ADEN opened at $37.21 on Tuesday. The stock has a market capitalization of $902.16 million, a price-to-earnings ratio of 13.73 and a beta of 1.27. ADENTRA has a 1 year low of $31.40 and a 1 year high of $41.20. The business’s 50 day simple moving average is $35.68 and its 200-day simple moving average is $35.68.

ADENTRA (TSE:ADEN) last posted its earnings results on Monday, November 9th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.22). ADENTRA had a net margin of 3.19% and a return on equity of 10.80%. The business had revenue of $618.65 million during the quarter, compared to analysts’ expectations of $861.54 million. On average, sell-side analysts expect that ADENTRA will post 4.71 earnings per share for the current year.

ADENTRA Dividend Announcement

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