Scotiabank Issues Pessimistic Forecast for Andlauer Healthcare Group (TSE:AND) Stock Price

Andlauer Healthcare Group (TSE:AND) had its target price cut by Scotiabank from C$44.50 to C$43.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

AND has been the subject of several other reports. Stifel Nicolaus boosted their price target on Andlauer Healthcare Group from C$50.00 to C$52.00 in a research report on Monday, February 24th. TD Securities dropped their target price on Andlauer Healthcare Group from C$54.00 to C$53.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, National Bankshares raised their price target on 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$48.57.

Andlauer Healthcare Group Trading Up 0.8 %

Shares of TSE AND opened at C$39.40 on Wednesday. Andlauer Healthcare Group has a 1 year low of C$36.43 and a 1 year high of C$48.00. 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 firm has a 50-day moving average of C$42.51 and a 200 day moving average of C$42.04. The stock has a market cap of C$1.57 billion, a P/E ratio of 23.72 and a beta of 0.66.

Andlauer Healthcare Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.22%. This is a boost from Andlauer Healthcare Group’s previous quarterly dividend of $0.11. Andlauer Healthcare Group’s payout ratio is currently 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.