Scotiabank Forecasts Strong Price Appreciation for Andlauer Healthcare Group (TSE:AND) Stock

Andlauer Healthcare Group (TSE:AND) had its price target raised by Scotiabank from C$43.00 to C$44.00 in a report issued on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on AND. Eight Capital reduced their price objective on Andlauer Healthcare Group from C$58.00 to C$51.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. TD Securities increased their price target on shares of Andlauer Healthcare Group from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada boosted their price objective on shares of Andlauer Healthcare Group from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Andlauer Healthcare Group presently has an average rating of “Moderate Buy” and an average target price of C$48.57.

Andlauer Healthcare Group Stock Down 2.9 %

Shares of Andlauer Healthcare Group stock traded down C$1.30 during trading on Thursday, hitting C$43.62. 24,113 shares of the stock were exchanged, compared to its average volume of 30,311. The company has a debt-to-equity ratio of 41.86, a current ratio of 1.35 and a quick ratio of 1.66. Andlauer Healthcare Group has a 12-month low of C$36.43 and a 12-month high of C$44.92. The stock has a market cap of C$815.69 million, a price-to-earnings ratio of 29.55 and a beta of 0.66. The firm’s 50-day moving average price is C$39.52 and its 200 day moving average price is C$39.55.

Andlauer Healthcare Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, September 27th. This is a boost from Andlauer Healthcare Group’s previous quarterly dividend of $0.10. Andlauer Healthcare Group’s payout ratio is 26.32%.

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.