ADENTRA Inc. (TSE:ADEN) Stock Rated “Buy” by Wall Street Brokerages

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

ADEN has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Desjardins upped their target price on 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 target price on ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th. TD set a C$46.00 target price on ADENTRA and gave the stock a “buy” rating in a research note on Thursday, September 10th. Finally, Acumen Capital raised their target price on ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th.

ADENTRA Price Performance

Shares of ADENTRA stock opened at $35.23 on Wednesday. The stock has a market cap of $854.15 million, a P/E ratio of 13.00 and a beta of 1.50. The stock’s 50 day simple moving average is $36.22 and its 200-day simple moving average is $35.22. ADENTRA has a 1-year low of $31.40 and a 1-year high of $41.20.

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

ADENTRA Announces Dividend

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