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

Shares of ADENTRA Inc. (TSE:ADEN) have been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating.

ADEN has been the topic of a number of analyst reports. TD upped their price target on ADENTRA from C$46.00 to C$48.00 and gave the company a “buy” rating in a research report on Wednesday, October 14th. 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 report on Monday, August 10th. Acumen Capital boosted their target price on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Desjardins upped their target price 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, Stifel Nicolaus increased their target price on shares of ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a research report on Friday, August 7th.

ADENTRA Trading Down 3.9%

ADEN stock opened at $35.26 on Friday. ADENTRA has a 1-year low of $31.40 and a 1-year high of $41.20. The firm has a market cap of $854.88 million, a P/E ratio of 13.01 and a beta of 1.27. The business’s 50 day moving average is $35.45 and its 200-day moving average is $35.70.

ADENTRA (TSE:ADEN) last issued its 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 company 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%. Sell-side analysts forecast that ADENTRA will post 4.71 EPS for the current year.

ADENTRA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 30th were given a $0.16 dividend. The ex-dividend date was Monday, October 19th. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. ADENTRA’s payout ratio is 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.