Andlauer Healthcare Group (TSE:AND) Stock Price Up 27.1% After Analyst Upgrade

Shares of Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report) rose 27.1% during trading on Friday after Scotiabank raised their price target on the stock from C$43.00 to C$55.00. The stock traded as high as C$53.58 and last traded at C$53.32. Approximately 1,255,518 shares changed hands during mid-day trading, an increase of 2,472% from the average daily volume of 48,818 shares. The stock had previously closed at C$41.96.

AND has been the subject of several other reports. Stifel Nicolaus lifted their target price on Andlauer Healthcare Group from C$50.00 to C$52.00 in a research note on Monday, February 24th. TD Securities downgraded shares of Andlauer Healthcare Group from a "buy" rating to a "sell" rating and upped their target price for the company from C$51.00 to C$55.00 in a research report on Friday, April 25th. Finally, National Bankshares boosted their price target on shares of Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$50.57.

Andlauer Healthcare Group Price Performance

The firm has a market capitalization of C$2.13 billion, a price-to-earnings ratio of 32.18 and a beta of 0.66. The company has a 50-day moving average of C$41.29 and a 200-day moving average of C$42.68. The company has a debt-to-equity ratio of 39.31, a quick ratio of 1.66 and a current ratio of 1.44.

Andlauer Healthcare Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from Andlauer Healthcare Group's previous quarterly dividend of $0.11. The ex-dividend date was Monday, March 31st. Andlauer Healthcare Group's payout ratio is 24.09%.

Andlauer Healthcare Group Company Profile

Andlauer Healthcare Group Inc, a supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States. The company operates in two segments, Specialized Transportation and Healthcare Logistics.