National Bank Financial Boosts Hardwoods Distribution Inc (HWD) Price Target to C$27.00

Hardwoods Distribution Inc (TSE:HWD) had its target price increased by National Bank Financial from C$23.00 to C$27.00 in a report released on Tuesday, October 17th. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Hardwoods Distribution’s Q4 2017 earnings at $0.31 EPS, FY2017 earnings at $1.56 EPS, FY2018 earnings at $1.70 EPS and FY2019 earnings at $1.89 EPS.

Separately, Canaccord Genuity set a C$23.00 target price on shares of Hardwoods Distribution and gave the stock a buy rating in a report on Monday, September 25th.

Hardwoods Distribution (TSE HWD) traded down C$0.24 during trading hours on Tuesday, reaching C$21.29. The company’s stock had a trading volume of 5,955 shares, compared to its average volume of 43,928. Hardwoods Distribution has a 52 week low of C$16.00 and a 52 week high of C$22.00.

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The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Monday, October 16th were given a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, October 13th. This is a boost from Hardwoods Distribution’s previous quarterly dividend of $0.05.

Hardwoods Distribution Company Profile

Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.

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