Andlauer Healthcare Group (TSE:AND) Trading 0.2% Higher - Should You Buy?

Key Points

• Andlauer Healthcare Group's share price increased by 0.2% to trade at C$53.10, with a notable decline in trading volume of 45% from the average session.
• Analysts recently adjusted their ratings for the stock, with Scotiabank raising its price target from C$43.00 to C$55.00, while TD Securities downgraded it from a "buy" to a "sell" rating.
• The company declared a quarterly dividend of $0.12 per share, representing an annual yield of 0.90% and a payout ratio of 24.09%.

Shares of Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report) shot up 0.2% during mid-day trading on Wednesday . The stock traded as high as C$53.20 and last traded at C$53.10. 39,949 shares traded hands during trading, a decline of 45% from the average session volume of 72,639 shares. The stock had previously closed at C$53.02.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Scotiabank upped their price objective on Andlauer Healthcare Group from C$43.00 to C$55.00 in a research note on Friday, April 25th. TD Securities downgraded Andlauer Healthcare Group from a "buy" rating to a "sell" rating and boosted their price target for the company from C$51.00 to C$55.00 in a report on Friday, April 25th.

Andlauer Healthcare Group Stock Performance

The firm's 50-day simple moving average is C$52.92 and its two-hundred day simple moving average is C$47.70. The company has a current ratio of 1.44, a quick ratio of 1.66 and a debt-to-equity ratio of 39.31. The stock has a market capitalization of C$2.11 billion, a PE ratio of 31.88 and a beta of 0.66.

Andlauer Healthcare Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Andlauer Healthcare Group's payout ratio is presently 24.09%.

About Andlauer Healthcare Group

Andlauer Healthcare Group Inc is an investment holding company. It operates in two segments namely Specialized Transportation and Healthcare Logistics. The company generates maximum revenue from the Specialized Transportation segment. Its Specialized Transportation segment provides specialized temperature controlled services to healthcare customers.