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

Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report) shares were up 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 were traded 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.

A number of other brokerages have also recently issued reports on AND. Stifel Nicolaus upped their target price on Andlauer Healthcare Group from C$50.00 to C$52.00 in a report on Monday, February 24th. TD Securities cut Andlauer Healthcare Group from a "buy" rating to a "sell" rating and upped their target price for the stock from C$51.00 to C$55.00 in a report on Friday, April 25th. Finally, National Bankshares increased their price target on 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 assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$50.57.

Andlauer Healthcare Group Trading Up 0.4 %

The company has a quick ratio of 1.66, a current ratio of 1.44 and a debt-to-equity ratio of 39.31. The firm has a 50 day moving average price of C$41.29 and a two-hundred day moving average price of C$42.68. The company has a market cap of C$2.13 billion, a price-to-earnings ratio of 32.21 and a beta of 0.66.

Andlauer Healthcare Group Increases Dividend

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