Andlauer Healthcare Group (TSE:AND) Reaches New 1-Year High – Here’s What Happened

Andlauer Healthcare Group Inc. (TSE:AND) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$44.36 and last traded at C$44.36, with a volume of 100 shares changing hands. The stock had previously closed at C$43.80.

Wall Street Analyst Weigh In

AND has been the topic of a number of research analyst reports. Eight Capital cut their price target on shares of Andlauer Healthcare Group from C$58.00 to C$51.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada upped their target price on Andlauer Healthcare Group from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Scotiabank cut their price target on Andlauer Healthcare Group to C$43.00 in a research note on Thursday, October 10th. Finally, TD Securities upped their price objective on shares of Andlauer Healthcare Group from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Andlauer Healthcare Group currently has an average rating of “Moderate Buy” and a consensus target price of C$48.29.

Andlauer Healthcare Group Price Performance

The firm has a market capitalization of C$831.03 million, a P/E ratio of 28.82 and a beta of 0.66. The company has a debt-to-equity ratio of 41.86, a current ratio of 1.35 and a quick ratio of 1.66. The stock’s fifty day simple moving average is C$39.52 and its 200 day simple moving average is C$39.55.

Andlauer Healthcare Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a $0.11 dividend. This is a positive change from Andlauer Healthcare Group’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, September 27th. Andlauer Healthcare Group’s payout ratio is currently 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.