Andlauer Healthcare Group (TSE:AND) Trading 27.1% Higher After Analyst Upgrade

Andlauer Healthcare Group Inc. (TSE:AND)’s stock price was 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. Approximately 1,255,518 shares traded hands during mid-day trading, an increase of 2,472% from the average daily volume of 48,818 shares. The stock had previously closed at C$41.96.

Several other equities research analysts have also issued reports on AND. Stifel Nicolaus lifted their price target on Andlauer Healthcare Group from C$50.00 to C$52.00 in a research note on Monday, February 24th. National Bankshares upped their price objective on shares of Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. Finally, TD Securities downgraded shares of Andlauer Healthcare Group from a “buy” rating to a “sell” rating and boosted their price target for the stock from C$51.00 to C$55.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$50.57.

Andlauer Healthcare Group Stock Down 0.3 %

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 company has a 50 day moving average of C$40.98 and a 200-day moving average of C$42.48. The company has a market capitalization of C$2.12 billion, a P/E ratio of 32.02 and a beta of 0.66.

Andlauer Healthcare Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 0.90%. This is a boost from Andlauer Healthcare Group’s previous quarterly dividend of $0.11. Andlauer Healthcare Group’s payout ratio is 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.