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

Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report)'s share price rose 27.1% during mid-day trading on Friday after Scotiabank raised their price target on the stock from C$43.00 to C$55.00. The stock traded as high as C$53.58 and last traded at C$53.32. Approximately 1,255,518 shares changed hands during mid-day 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 weighed in on the company. TD Securities downgraded Andlauer Healthcare Group from a "buy" rating to a "sell" rating and upped their target price for the stock from C$51.00 to C$55.00 in a report on Friday. Stifel Nicolaus increased their price objective on Andlauer Healthcare Group from C$50.00 to C$52.00 in a report on Monday, February 24th. Finally, National Bankshares boosted 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$50.57.

Andlauer Healthcare Group Stock Performance

The company has a current ratio of 1.44, a quick ratio of 1.66 and a debt-to-equity ratio of 39.31. The firm has a market capitalization of C$2.12 billion, a P/E ratio of 32.09 and a beta of 0.66. The business's 50 day simple moving average is C$40.98 and its two-hundred day simple moving average is C$42.50.

Andlauer Healthcare Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. This is an increase from Andlauer Healthcare Group's previous quarterly dividend of $0.11. Andlauer Healthcare Group's dividend payout ratio (DPR) is 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.