ADENTRA Inc. (TSE:ADEN) Stock Rated “Buy” by Sell-Side Brokerages

Shares of ADENTRA Inc. (TSE:ADEN) have received an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation.

A number of research analysts recently weighed in on the stock. Desjardins lifted their price objective on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, August 7th. Scotia raised 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 research report on Monday, August 10th. TD set a C$46.00 price target on shares of ADENTRA and gave the stock a “buy” rating in a research note on Thursday, September 10th. Stifel Nicolaus upped their price objective on ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Acumen Capital upped their price objective on ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th.

ADENTRA Trading Up 1.1%

ADEN opened at $35.62 on Friday. The stock’s 50-day moving average price is $36.13 and its 200 day moving average price is $35.12. ADENTRA has a 12-month low of $31.40 and a 12-month high of $41.20. The firm has a market cap of $863.61 million, a price-to-earnings ratio of 13.14 and a beta of 1.61.

ADENTRA (TSE:ADEN) last announced its earnings results on Wednesday, August 5th. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The firm had revenue of $607.13 million for the quarter, compared to analysts’ expectations of $838.14 million. ADENTRA had a net margin of 2.98% and a return on equity of 10.11%. On average, research analysts forecast that ADENTRA will post 4.7128713 earnings per share for the current year.

ADENTRA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, July 20th. 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.