ADENTRA (TSE:ADEN) Stock Gets Price Target Increase from Acumen Capital

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

ADEN has been the topic of several other reports. Scotiabank boosted their price objective on shares of ADENTRA from C$43.00 to C$46.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on shares of ADENTRA from C$46.50 to C$51.50 and gave the company a “buy” rating in a research note on Tuesday. Scotia raised their target price on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th. Desjardins lifted their target price on shares of ADENTRA from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, TD lifted their target price on shares of ADENTRA from C$48.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, ADENTRA presently has an average rating of “Buy”.

ADENTRA Stock Down 0.2%

Shares of ADEN traded down $0.06 on Tuesday, reaching $37.69. The stock had a trading volume of 47,170 shares, compared to its average volume of 51,946. The firm 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 PE 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 the consensus estimate of $1.08 by ($0.21). ADENTRA had a net margin of 2.98% and a return on equity of 10.11%. The firm had revenue of $618.65 million during the quarter, compared to analyst estimates of $861.54 million. On average, sell-side analysts anticipate that ADENTRA will post 4.71 earnings per share for the current fiscal 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.