ADENTRA Inc. (TSE:ADEN) Given Consensus Recommendation of “Buy” by Analysts

ADENTRA Inc. (TSE:ADEN) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation.

Several equities research analysts have commented on ADEN shares. TD upped their price target on shares of ADENTRA from C$43.00 to C$46.00 and gave the company a “buy” rating in a report on Thursday, August 6th. 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 note on Monday, August 10th. Stifel Nicolaus boosted their price objective on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a report on Friday, August 7th. Scotiabank decreased their price objective on ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 28th. Finally, Acumen Capital upped their target price on ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th.

ADENTRA Price Performance

ADEN stock opened at $36.13 on Tuesday. The firm’s fifty day simple moving average is $36.55 and its 200-day simple moving average is $35.65. The company has a market capitalization of $875.97 million, a P/E ratio of 13.33 and a beta of 1.59. 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 Wednesday, August 5th. The company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). ADENTRA had a return on equity of 10.11% and a net margin of 2.98%.The business had revenue of $607.13 million during the quarter, compared to analyst estimates of $838.14 million. As a group, sell-side analysts forecast that ADENTRA will post 4.7128713 earnings per share for the current year.

ADENTRA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. ADENTRA’s payout ratio is presently 16.61%.

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.