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

ADENTRA (TSE:ADEN) had its price objective raised by stock analysts at Acumen Capital from C$50.00 to C$54.00 in a research report issued on Tuesday, BayStreet reports. The firm presently has a “buy” rating on the stock.

ADEN has been the subject of several other reports. TD boosted their price target on ADENTRA from C$48.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday. Desjardins raised their price objective on ADENTRA from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday. Scotia lifted their price objective on ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a research report on Monday, August 10th. Raymond James Financial upped their target price on ADENTRA from C$47.50 to C$50.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Finally, Scotiabank upped their target price on ADENTRA from C$43.00 to C$46.00 and gave the company a “sector outperform” rating in a research note on Tuesday. 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.com, the stock has an average rating of “Buy”.

ADENTRA Stock Down 0.2%

Shares of TSE:ADEN traded down $0.06 during trading on Tuesday, reaching $37.69. The stock had a trading volume of 47,170 shares, compared to its average volume of 51,946. The business has a fifty day moving average price of $35.49 and a 200-day moving average price of $35.70. The stock has a market cap of $913.79 million, a P/E ratio of 13.91 and a beta of 1.27. ADENTRA has a fifty-two week low of $31.40 and a fifty-two week high of $41.20.

ADENTRA (TSE:ADEN) last announced its earnings results on Monday, November 9th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.21). The firm had revenue of $618.65 million for the quarter, compared to analyst estimates of $861.54 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. As a group, equities analysts forecast that ADENTRA will post 4.71 EPS for the current 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.