Andlauer Healthcare Group (TSE:AND) Stock Price Up 27.1% Following Analyst Upgrade

Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report)'s share price 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 stock traded as high as C$53.58 and last traded at C$53.32. 1,255,518 shares traded hands during mid-day trading, an increase of 2,472% from the average session volume of 48,818 shares. The stock had previously closed at C$41.96.

Several other research firms have also weighed in on AND. National Bankshares boosted their price objective on shares of Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. Stifel Nicolaus increased their target price on Andlauer Healthcare Group from C$50.00 to C$52.00 in a report on Monday, February 24th. Finally, TD Securities downgraded Andlauer Healthcare Group from a "buy" rating to a "sell" rating and boosted their target price for the stock 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 given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$50.57.

Andlauer Healthcare Group Stock Down 0.3 %

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 50-day moving average price of C$40.98 and a 200-day moving average price of C$42.50. The company has a market capitalization of C$2.12 billion, a P/E ratio of 32.02 and a beta of 0.66.

Andlauer Healthcare Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.12 dividend. This is a positive change from Andlauer Healthcare Group's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 0.90%. Andlauer Healthcare Group's 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.