ADENTRA Inc. (TSE:ADEN) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Analysts unanimously rate ADENTRA “Buy”: All seven covering analysts have issued buy ratings, with several recently raising their price targets to between C$49 and C$54.
• Recent earnings fell slightly short of expectations: ADENTRA reported quarterly EPS of $0.96 versus a $0.98 consensus estimate, while revenue was $607.13 million compared with estimates of $838.14 million.
• The company pays a quarterly dividend: ADENTRA’s $0.16 quarterly dividend equates to $0.64 annually, a 1.8% yield and a 16.61% payout ratio.

Shares of ADENTRA Inc. (TSE:ADEN - Get Free Report) have received a consensus recommendation of "Buy" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating.

ADEN has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on ADENTRA from C$48.00 to C$54.00 and gave the company a "buy" rating in a research report on Friday, August 7th. TD set a C$46.00 price target on ADENTRA and gave the stock a "buy" rating in a research note on Thursday, September 10th. Scotia upped their price target on ADENTRA from C$47.00 to C$49.00 and gave the company a "sector outperform" rating in a report on Monday, August 10th. Desjardins increased their price objective on ADENTRA from C$47.00 to C$49.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Acumen Capital boosted their target price on ADENTRA from C$48.00 to C$50.00 in a research report on Friday, August 7th.

ADENTRA Stock Performance

TSE:ADEN opened at $35.16 on Friday. The firm has a market cap of $852.45 million, a P/E ratio of 12.97 and a beta of 1.61. ADENTRA has a fifty-two week low of $31.40 and a fifty-two week high of $41.20. The firm has a 50-day simple moving average of $36.30 and a two-hundred day simple moving average of $35.17.

ADENTRA (TSE:ADEN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $607.13 million during the quarter, compared to the consensus estimate of $838.14 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. On average, equities research analysts predict that ADENTRA will post 4.7128713 EPS for the current year.

ADENTRA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a $0.16 dividend. The ex-dividend date was Monday, July 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.8%. ADENTRA's payout ratio is currently 16.61%.

ADENTRA Company Profile

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.

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