ADENTRA (TSE:ADEN) Stock Jumps 1.1% – Time to Buy?

ADENTRA Inc. (TSE:ADEN) shot up 1.1% during trading on Tuesday. The company traded as high as $35.45 and last traded at $35.23. Approximately 21,315 shares were traded during trading, a decline of 59% from the average session volume of 51,602 shares. The stock had previously closed at $34.85.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ADEN shares. Acumen Capital increased their price objective on shares of ADENTRA from C$48.00 to C$50.00 in a report on Friday, August 7th. Desjardins boosted their target price on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, August 7th. Scotia upped their price target on shares of ADENTRA from C$47.00 to C$49.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 10th. TD increased their price target on shares of ADENTRA from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their price target on shares of ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy”.

ADENTRA Price Performance

The stock has a market capitalization of $846.64 million, a price-to-earnings ratio of 12.89 and a beta of 1.50. The business’s 50-day simple moving average is $36.20 and its two-hundred day simple moving average is $35.23.

ADENTRA (TSE:ADEN) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. The business had revenue of $607.13 million for the quarter, compared to analysts’ expectations of $838.14 million. As a group, sell-side analysts expect that ADENTRA Inc. will post 4.71 EPS for the current year.

ADENTRA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 30th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, October 19th. ADENTRA’s dividend payout ratio 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.