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

Andlauer Healthcare Group Inc. (TSE:AND) rose 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 trading, an increase of 2,472% from the average daily volume of 48,818 shares. The stock had previously closed at C$41.96.

A number of other research analysts also recently issued reports on the company. TD Securities downgraded Andlauer Healthcare Group from a “buy” rating to a “sell” rating and boosted their price target for the company from C$51.00 to C$55.00 in a report on Friday. National Bankshares lifted their target price on shares of Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus lifted 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 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. Based on data from MarketBeat, Andlauer Healthcare Group has an average rating of “Hold” and a consensus price target of C$50.57.

Andlauer Healthcare Group Trading Down 0.3 %

The firm has a market capitalization of C$2.12 billion, a P/E ratio of 32.02 and a beta of 0.66. The stock’s 50-day simple moving average is C$40.98 and its two-hundred day simple moving average is 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.

Andlauer Healthcare Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.12 dividend. This is a positive change from Andlauer Healthcare Group’s previous quarterly dividend of $0.11. The ex-dividend date was Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.90%. Andlauer Healthcare Group’s dividend 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.