Andlauer Healthcare Group (TSE:AND) Trading Up 27.1% Following Analyst Upgrade

Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report) shares rose 27.1% during mid-day 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.

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

Andlauer Healthcare Group Price Performance

The company's 50 day moving average price is C$41.29 and its 200-day moving average price is C$42.68. The stock has a market cap of C$2.13 billion, a P/E ratio of 32.22 and a beta of 0.66. The company has a quick ratio of 1.66, a current ratio of 1.44 and a debt-to-equity ratio of 39.31.

Andlauer Healthcare Group Increases Dividend

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

About Andlauer Healthcare Group

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.