ADENTRA (TSE:ADEN) Stock Price Down 0.1% - What's Next?

Key Points

• ADENTRA shares slipped 0.1% to $33.11 intraday on Monday on light trading, with volume of 28,133 shares about 43% below the average session volume.
• Wall Street gives the stock a consensus "Moderate Buy" (five Buy, one Hold) after mixed analyst moves to price targets in recent reports.
• ADENTRA announced a quarterly dividend of $0.16 (annualized $0.64, ~1.9% yield); the ex-dividend date is April 13 and the payment date is April 24.

ADENTRA Inc. (TSE:ADEN - Get Free Report) shares traded down 0.1% during trading on Monday . The company traded as low as $32.89 and last traded at $33.11. 28,133 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 49,731 shares. The stock had previously closed at $33.13.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stifel Nicolaus reduced their price target on ADENTRA from C$51.00 to C$49.50 and set a "buy" rating for the company in a research report on Friday, March 13th. National Bank Financial reduced their price target on ADENTRA from C$54.50 to C$52.00 and set an "outperform" rating for the company in a research report on Friday, March 13th. ATB Cormark Capital Markets upped their price target on ADENTRA from C$50.00 to C$61.00 and gave the stock an "outperform" rating in a research report on Friday, March 13th. Finally, Scotiabank upped their price target on ADENTRA from C$41.00 to C$46.00 in a research report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

ADENTRA Stock Down 0.1%

The stock has a market cap of $802.75 million, a P/E ratio of 12.22 and a beta of 1.39. The business has a 50 day moving average price of $36.61 and a two-hundred day moving average price of $35.15.

ADENTRA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 24th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.9%. ADENTRA's dividend payout ratio is 15.78%.

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.

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