Andlauer Healthcare Group (TSE:AND) Stock Price Up 27.1% After Analyst Upgrade

Andlauer Healthcare Group Inc. (TSE:AND) shares traded 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 company traded as high as C$53.58 and last traded at C$53.32. 1,255,518 shares changed hands during trading, an increase of 2,472% from the average session volume of 48,818 shares. The stock had previously closed at C$41.96.

Several other research firms have also commented on AND. National Bankshares lifted their price target on Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 11th. TD Securities cut shares of Andlauer Healthcare Group from a “buy” rating to a “sell” rating and lifted their target price for the company from C$51.00 to C$55.00 in a report on Friday. Finally, Stifel Nicolaus increased their price target on shares of Andlauer Healthcare Group from C$50.00 to C$52.00 in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Andlauer Healthcare Group has a consensus rating of “Hold” and a consensus target price of C$50.57.

Andlauer Healthcare Group Price Performance

The company has a 50 day moving average price of C$40.98 and a 200 day moving average price 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 firm 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.12 per share. The ex-dividend date was Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.90%. This is an increase from Andlauer Healthcare Group’s previous quarterly dividend of $0.11. 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.