ADENTRA (TSE:ADEN) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

by · The Markets Daily

ADENTRA (TSE:ADEN – Get Free Report) had its price target raised by equities research analysts at Stifel Nicolaus from C$46.50 to C$51.50 in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock.

Other equities analysts have also recently issued reports about the company. Desjardins lifted their target price on ADENTRA from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday. TD upped their target price on ADENTRA from C$48.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday. Scotia increased their price target on ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a research report on Monday, August 10th. Scotiabank lifted their price target on ADENTRA from C$43.00 to C$46.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. Finally, Acumen Capital boosted their price objective on ADENTRA from C$48.00 to C$50.00 in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

View Our Latest Stock Analysis on ADEN

ADENTRA Stock Down 0.2%

ADENTRA stock traded down $0.06 during mid-day trading on Tuesday, hitting $37.69. The company’s stock had a trading volume of 47,170 shares, compared to its average volume of 51,946. The stock has a market capitalization of $913.79 million, a P/E ratio of 13.91 and a beta of 1.27. ADENTRA has a twelve month low of $31.40 and a twelve month high of $41.20. The stock’s fifty day moving average price is $35.49 and its two-hundred day moving average price is $35.70.

ADENTRA (TSE:ADEN – Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.21). ADENTRA had a net margin of 2.98% and a return on equity of 10.11%. The company had revenue of $618.65 million for the quarter, compared to analyst estimates of $861.54 million. Equities analysts expect that ADENTRA will post 4.71 earnings per share for the current year.

ADENTRA Company Profile

(Get Free Report)

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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