Andlauer Healthcare Group (TSE:AND) Sets New 52-Week High on Analyst Upgrade

Andlauer Healthcare Group Inc. (TSE:AND) shares hit a new 52-week high during trading on Thursday after Scotiabank raised their price target on the stock from C$43.00 to C$44.00. The company traded as high as C$44.36 and last traded at C$44.36, with a volume of 100 shares trading hands. The stock had previously closed at C$43.80.

AND has been the subject of several other reports. Eight Capital decreased their price objective on Andlauer Healthcare Group from C$58.00 to C$51.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. TD Securities boosted their price target on Andlauer Healthcare Group from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada raised their target price on shares of Andlauer Healthcare Group from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Andlauer Healthcare Group currently has a consensus rating of “Moderate Buy” and an average target price of C$48.57.

Andlauer Healthcare Group Stock Performance

The company has a 50-day moving average of C$39.63 and a 200 day moving average of C$39.58. The firm has a market capitalization of C$804.10 million, a PE ratio of 28.29 and a beta of 0.66. The company has a quick ratio of 1.66, a current ratio of 1.35 and a debt-to-equity ratio of 41.86.

Andlauer Healthcare Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.02%. This is a positive change from Andlauer Healthcare Group’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, September 27th. Andlauer Healthcare Group’s dividend payout ratio (DPR) is presently 26.32%.

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.