Hardwoods Distribution (TSE:HDI) had its price target hoisted by Canaccord Genuity from C$15.00 to C$18.00 in a report issued on Wednesday morning, BayStreet.CA reports.
Other research analysts have also issued research reports about the stock. National Bank Financial raised their price objective on shares of Hardwoods Distribution from C$16.00 to C$16.50 and gave the company an outperform rating in a research note on Wednesday, October 16th. CIBC raised their price objective on shares of Hardwoods Distribution from C$15.00 to C$17.00 in a research note on Wednesday.
Shares of HDI traded down C$0.03 during mid-day trading on Wednesday, reaching C$14.99. 139,728 shares of the company’s stock traded hands, compared to its average volume of 39,823. The business’s 50-day moving average price is C$12.10 and its 200-day moving average price is C$12.30. The stock has a market capitalization of $277.30 million and a P/E ratio of 11.44. The company has a debt-to-equity ratio of 71.61, a quick ratio of 0.77 and a current ratio of 2.02. Hardwoods Distribution has a 12 month low of C$10.04 and a 12 month high of C$15.28.
Hardwoods Distribution (TSE:HDI) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.40 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.42 by C($0.02). The company had revenue of C$304.55 million for the quarter, compared to analyst estimates of C$306.40 million. Equities research analysts anticipate that Hardwoods Distribution will post 1.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 25th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.13%. Hardwoods Distribution’s dividend payout ratio is presently 23.85%.
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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