Andlauer Healthcare Group (TSE:AND) Shares Up 27.1% on Analyst Upgrade

Andlauer Healthcare Group Inc. (TSE:AND) shares shot up 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. 1,255,518 shares were traded during mid-day trading, an increase of 2,472% from the average session volume of 48,818 shares. The stock had previously closed at C$41.96.

A number of other equities analysts also recently commented on AND. Stifel Nicolaus raised their target price on shares of Andlauer Healthcare Group from C$50.00 to C$52.00 in a research note on Monday, February 24th. TD Securities lowered Andlauer Healthcare Group from a “buy” rating to a “sell” rating and raised their price objective for the company from C$51.00 to C$55.00 in a research report on Friday. Finally, National Bankshares boosted their price objective on Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Andlauer Healthcare Group has an average rating of “Hold” and a consensus price target of C$50.57.

Andlauer Healthcare Group Price Performance

The business has a fifty day moving average of C$40.98 and a 200 day moving average of C$42.48. The company has a debt-to-equity ratio of 39.31, a current ratio of 1.44 and a quick ratio of 1.66. The stock has a market cap of C$2.12 billion, a PE ratio of 32.02 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. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.12 per share. This is a boost from Andlauer Healthcare Group’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, March 31st. Andlauer Healthcare Group’s dividend payout ratio is 24.09%.

About Andlauer Healthcare Group

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.