CIBC Trims Andlauer Healthcare Group (TSE:AND) Target Price to C$50.00

Andlauer Healthcare Group (TSE:AND) had its price target cut by CIBC from C$52.00 to C$50.00 in a report issued on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms also recently commented on AND. Eight Capital reduced their price objective on Andlauer Healthcare Group from C$62.00 to C$58.00 and set a buy rating for the company in a research note on Thursday, March 7th. Stifel Nicolaus lowered their price target on shares of Andlauer Healthcare Group from C$55.00 to C$52.00 and set a buy rating on the stock in a research report on Monday. Royal Bank of Canada lowered their price objective on Andlauer Healthcare Group from C$43.00 to C$41.00 and set a sector perform rating for the company in a research report on Monday. Scotiabank increased their price target on Andlauer Healthcare Group from C$45.00 to C$47.50 and gave the stock a sector perform rating in a report on Thursday, March 7th. Finally, National Bankshares raised their price target on Andlauer Healthcare Group from C$46.00 to C$47.00 and gave the stock a sector perform rating in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$49.43.

Andlauer Healthcare Group Stock Performance

Shares of AND stock opened at C$40.51 on Monday. The company has a market capitalization of C$789.13 million, a P/E ratio of 26.14 and a beta of 0.69. Andlauer Healthcare Group has a 12-month low of C$36.76 and a 12-month high of C$48.80. The business’s 50 day moving average is C$42.10 and its two-hundred day moving average is C$40.51. The company has a current ratio of 2.52, a quick ratio of 1.66 and a debt-to-equity ratio of 27.24.

Andlauer Healthcare Group (TSE:AND) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.49 by C($0.05). Andlauer Healthcare Group had a net margin of 10.21% and a return on equity of 14.53%. The company had revenue of C$169.07 million for the quarter, compared to analysts’ expectations of C$165.00 million. Analysts expect that Andlauer Healthcare Group will post 1.8439434 EPS for the current fiscal year.

Andlauer Healthcare Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Andlauer Healthcare Group’s previous quarterly dividend of $0.09. Andlauer Healthcare Group’s payout ratio is 23.23%.

Andlauer Healthcare Group Company Profile

Andlauer Healthcare Group Inc, a supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States. The company operates in two segments, Specialized Transportation and Healthcare Logistics.