Hardwoods Distribution (HDI) Given New C$15.50 Price Target at National Bank Financial
Hardwoods Distribution (TSE:HDI) had its price target decreased by National Bank Financial from C$16.00 to C$15.50 in a report published on Monday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Hardwoods Distribution’s Q2 2019 earnings at $0.38 EPS and FY2019 earnings at $1.31 EPS.
Other equities research analysts have also issued research reports about the stock. CIBC raised their price target on shares of Hardwoods Distribution from C$15.00 to C$16.00 in a research note on Monday. Canaccord Genuity cut their price objective on shares of Hardwoods Distribution from C$17.00 to C$15.00 in a report on Monday, March 18th.
Shares of HDI stock opened at C$12.69 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.94 and a debt-to-equity ratio of 76.74. Hardwoods Distribution has a 12-month low of C$10.04 and a 12-month high of C$18.97. The company has a market cap of $268.81 million and a PE ratio of 9.13.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, April 12th. Hardwoods Distribution’s dividend payout ratio (DPR) is presently 21.40%.
About Hardwoods Distribution
Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential and commercial construction sectors in Canada and the United States. The company offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, and solid surfaces.
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