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

Shares of Andlauer Healthcare Group Inc. (TSE:AND) 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 company traded as high as C$53.58 and last traded at C$53.32. 1,255,518 shares traded 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.

Other research analysts have also issued reports about the stock. National Bankshares upped their target price on shares of Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. Stifel Nicolaus increased their target price on Andlauer Healthcare Group from C$50.00 to C$52.00 in a research note on Monday, February 24th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Andlauer Healthcare Group presently has an average rating of “Hold” and an average target price of C$50.57.

Andlauer Healthcare Group Trading Down 0.3 %

The business’s fifty day simple moving average is C$40.98 and its 200 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. The stock has a market cap of C$2.12 billion, a price-to-earnings 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. Stockholders of record on Tuesday, April 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from Andlauer Healthcare Group’s previous quarterly dividend of $0.11. The ex-dividend date was Monday, March 31st. Andlauer Healthcare Group’s dividend payout ratio is presently 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.