Scotiabank Forecasts Strong Price Appreciation for ADENTRA (TSE:ADEN) Stock

ADENTRA (TSE:ADEN) had its target price hoisted by analysts at Scotiabank from C$43.00 to C$46.00 in a research report issued to clients and investors on Tuesday, BayStreet reports. The firm currently has a “sector outperform” rating on the stock.

Other equities research analysts have also issued reports about the stock. TD increased 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 boosted their price target on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th. Desjardins upped their price objective on shares of ADENTRA from C$49.00 to C$53.00 and gave the company a “buy” rating in a research report on Tuesday. Acumen Capital raised their price objective on ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. 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, ADENTRA presently has a consensus rating of “Buy”.

ADENTRA Trading Down 0.2%

Shares of ADEN stock traded down $0.06 on Tuesday, reaching $37.69. The company had a trading volume of 47,170 shares, compared to its average volume of 51,946. The stock has a market cap of $913.79 million, a PE ratio of 13.91 and a beta of 1.27. The company has a 50-day moving average of $35.49 and a 200-day moving average of $35.70. ADENTRA has a 12 month low of $31.40 and a 12 month high of $41.20.

ADENTRA (TSE:ADEN) last released its quarterly earnings data on Monday, November 9th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.21). The firm had revenue of $618.65 million for the quarter, compared to the consensus estimate of $861.54 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. Sell-side analysts anticipate that ADENTRA will post 4.71 earnings per share for the current year.

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.