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

Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report) shares 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 trading, an increase of 2,472% from the average daily volume of 48,818 shares. The stock had previously closed at C$41.96.

A number of other research firms have also weighed in on AND. Stifel Nicolaus upped their price objective on shares of Andlauer Healthcare Group from C$50.00 to C$52.00 in a research note on Monday, February 24th. 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. Finally, TD Securities lowered shares of Andlauer Healthcare Group from a "buy" rating to a "sell" rating and lifted their price objective for the company from C$51.00 to C$55.00 in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Andlauer Healthcare Group currently has a consensus rating of "Hold" and a consensus price target of C$50.57.

Andlauer Healthcare Group Stock Up 0.3 %

The company's 50-day moving average is C$41.29 and its 200 day moving average is C$42.68. The stock has a market capitalization of C$2.13 billion, a PE ratio of 32.18 and a beta of 0.66. The company has a current ratio of 1.44, a quick ratio of 1.66 and a debt-to-equity ratio of 39.31.

Andlauer Healthcare Group Increases Dividend

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