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

Andlauer Healthcare Group Inc. (TSE:AND)’s share price was up 27.1% 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 also recently commented on the stock. TD Securities downgraded shares of Andlauer Healthcare Group from a “buy” rating to a “sell” rating and upped their target price for the company from C$51.00 to C$55.00 in a research note on Friday. National Bankshares lifted 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 report on Tuesday, February 11th. Finally, Stifel Nicolaus lifted their price objective on shares of Andlauer Healthcare Group from C$50.00 to C$52.00 in a research report 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, the company has an average rating of “Hold” and a consensus target price of C$50.57.

Andlauer Healthcare Group Price Performance

The business has a fifty day simple moving average of C$40.98 and a 200 day simple moving average of C$42.48. The stock has a market capitalization of C$2.12 billion, a P/E ratio of 32.02 and a beta of 0.66. The company has a current ratio of 1.44, a quick ratio of 1.66 and a debt-to-equity ratio of 39.31.

Andlauer Healthcare Group Increases Dividend

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