ADENTRA Inc. (TSE:ADEN) Receives Average Recommendation of "Buy" from Analysts

Key Points

• ADENTRA Inc. has received a consensus rating of "Buy" from seven brokerages, with one hold rating, five buy ratings, and one strong buy rating.
• The company has lowered its target price to C$41.00 from C$46.00, while National Bankshares has increased it to C$42.50, reflecting varying analyst perspectives on the stock.
• ADENTRA recently announced a quarterly dividend of $0.15 per share, with a dividend yield of 1.7% and a payout ratio of 19.10%.

ADENTRA Inc. (TSE:ADEN - Get Free Report) has been given a consensus recommendation of "Buy" by the seven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts recently commented on the company. Desjardins reduced their target price on ADENTRA from C$46.00 to C$41.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Scotiabank set a C$31.00 target price on ADENTRA and gave the stock a "sector perform" rating in a research report on Thursday, June 19th. Finally, National Bankshares boosted their target price on ADENTRA from C$41.00 to C$42.50 and gave the stock an "outperform" rating in a research report on Monday, August 11th.

ADENTRA Trading Up 0.4%

Shares of TSE ADEN traded up $0.15 during mid-day trading on Wednesday, hitting $34.37. The company had a trading volume of 33,767 shares, compared to its average volume of 67,732. The company has a market capitalization of $838.94 million, a price-to-earnings ratio of 19.53 and a beta of 1.30. ADENTRA has a 1 year low of $24.60 and a 1 year high of $44.03. The stock's 50-day moving average price is $31.11 and its 200-day moving average price is $29.25.

ADENTRA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.7%. ADENTRA's dividend payout ratio (DPR) is currently 23.50%.

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.