TD Issues Positive Forecast for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADEN) had its price target raised by stock analysts at TD from C$46.00 to C$48.00 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock.

ADEN has been the subject of several other research reports. Acumen Capital upped their price objective on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Scotia boosted 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. Desjardins upped their target price on ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus upped their target price on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, ADENTRA currently has an average rating of “Buy”.

ADENTRA Price Performance

Shares of ADEN traded down $0.26 during mid-day trading on Wednesday, reaching $34.97. The company’s stock had a trading volume of 21,078 shares, compared to its average volume of 51,447. ADENTRA has a 12-month low of $31.40 and a 12-month high of $41.20. The stock has a market cap of $847.85 million, a PE ratio of 12.90 and a beta of 1.50. The company’s 50 day moving average is $36.22 and its 200 day moving average is $35.22.

ADENTRA (TSE:ADEN) last announced 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). The business had revenue of $607.13 million during the quarter, compared to analyst estimates of $838.14 million. ADENTRA had a net margin of 2.98% and a return on equity of 10.11%. As a group, sell-side analysts anticipate that ADENTRA will post 4.71 EPS for the current fiscal year.

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.