ADENTRA Inc. (TSE:ADEN - Get Free Report) has earned an average rating of "Buy" from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.
ADEN has been the subject of a number of research analyst reports. Raymond James set a C$60.00 target price on ADENTRA and gave the stock a "strong-buy" rating in a research note on Friday, December 20th. Acumen Capital cut their price target on shares of ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. National Bankshares lifted their price objective on ADENTRA from C$57.00 to C$60.00 and gave the stock an "outperform" rating in a report on Monday, October 7th. Finally, Stifel Nicolaus dropped their target price on ADENTRA from C$53.00 to C$50.00 and set a "buy" rating for the company in a report on Thursday, October 17th.
Get Our Latest Stock Analysis on ADENTRA
ADEN stock opened at $34.39 on Tuesday. ADENTRA has a 12 month low of $31.21 and a 12 month high of $45.25. The firm has a market capitalization of $860.44 million, a P/E ratio of 12.93 and a beta of 1.57. The firm has a 50 day moving average of $38.17 and a 200-day moving average of $39.58.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.74%. This is a boost from ADENTRA's previous quarterly dividend of $0.14. The ex-dividend date is Monday, January 20th. ADENTRA's payout ratio is presently 21.05%.
ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.
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