TD Issues Positive Forecast for ADENTRA (TSE:ADEN) Stock Price

ADENTRA (TSE:ADEN) had its target price lifted by TD from C$48.00 to C$50.00 in a research report issued on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock.

A number of other brokerages have also commented on ADEN. Desjardins lifted their price target 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. Scotia raised their target price on ADENTRA from C$47.00 to C$49.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 10th. Acumen Capital lifted their target price on ADENTRA from C$48.00 to C$50.00 in a report on Friday, August 7th. Finally, Stifel Nicolaus upped their price target on ADENTRA from C$48.00 to C$54.00 and gave the company a “buy” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat, ADENTRA has an average rating of “Buy”.

ADENTRA Stock Performance

Shares of ADENTRA stock traded down $0.06 on Tuesday, hitting $37.69. The stock had a trading volume of 47,170 shares, compared to its average volume of 51,946. The stock has a 50 day moving average of $35.49 and a 200 day moving average of $35.70. The firm has a market capitalization of $913.79 million, a P/E ratio of 13.91 and a beta of 1.27. ADENTRA has a twelve month low of $31.40 and a twelve month high of $41.20.

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

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.