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

ADENTRA Inc. (TSE:ADEN) has received a consensus recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating.

A number of analysts have recently weighed in on ADEN shares. Stifel Nicolaus raised their target price on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Scotia lifted their price target 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. Acumen Capital upped their price target on shares of ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th. Desjardins increased their price objective on shares of ADENTRA from C$47.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, TD increased their price objective on shares of ADENTRA from C$46.00 to C$48.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th.

ADENTRA Stock Performance

Shares of ADEN opened at $35.26 on Friday. The stock has a fifty day moving average price of $35.45 and a two-hundred day moving average price of $35.70. ADENTRA has a 52-week low of $31.40 and a 52-week high of $41.20. The company has a market cap of $854.88 million, a price-to-earnings ratio of 13.01 and a beta of 1.27.

ADENTRA (TSE:ADEN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.96 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 return on equity of 10.11% and a net margin of 2.98%. As a group, research analysts predict that ADENTRA will post 4.71 EPS for the current fiscal year.

ADENTRA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, October 19th. ADENTRA’s dividend 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.