Hardwoods Distribution (TSE:HDI) had its target price hoisted by CIBC from C$15.00 to C$17.00 in a report issued on Wednesday morning, BayStreet.CA reports.
Separately, National Bank Financial raised their target price on Hardwoods Distribution from C$16.00 to C$16.50 and gave the stock an outperform rating in a research note on Wednesday, October 16th.
Shares of TSE:HDI traded down C$0.03 during midday trading on Wednesday, hitting C$14.99. The company had a trading volume of 139,728 shares, compared to its average volume of 39,823. Hardwoods Distribution has a twelve month low of C$10.04 and a twelve month high of C$15.28. The company has a debt-to-equity ratio of 71.61, a current ratio of 2.02 and a quick ratio of 0.77. The stock has a market cap of $277.30 million and a price-to-earnings ratio of 11.44. The business’s 50-day simple moving average is C$12.10 and its 200-day simple moving average is C$12.30.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 25th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.32 annualized dividend and a yield of 2.13%. Hardwoods Distribution’s dividend payout ratio (DPR) is 23.85%.
Hardwoods Distribution Company Profile
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.
Read More: Return on Investment (ROI)
Receive News & Ratings for Hardwoods Distribution Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hardwoods Distribution and related companies with MarketBeat.com's FREE daily email newsletter.