Posted by admin on Aug 6th, 2022 
Hardwoods Distribution (TSE:HDI – Get Rating) had its target price cut by TD Securities from C$73.00 to C$64.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 95.54% from the company’s previous close.
HDI has been the subject of a number of other reports. CIBC cut their price objective on Hardwoods Distribution from C$50.00 to C$41.00 in a report on Friday, July 8th. Cormark cut their price target on Hardwoods Distribution from C$70.00 to C$55.00 in a report on Monday, May 16th. Finally, Canaccord Genuity Group lifted their price target on Hardwoods Distribution from C$60.00 to C$63.00 in a report on Monday, May 16th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$61.29.
Shares of TSE HDI opened at C$32.73 on Thursday. The stock has a market cap of C$779.58 million and a PE ratio of 4.26. The business has a fifty day moving average of C$30.23 and a two-hundred day moving average of C$35.39. Hardwoods Distribution has a 52-week low of C$26.92 and a 52-week high of C$49.58. The company has a debt-to-equity ratio of 196.76, a quick ratio of 0.46 and a current ratio of 1.49.
Hardwoods Distribution (TSE:HDI – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported C$2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.54 by C$0.83. The company had revenue of C$816.89 million for the quarter, compared to the consensus estimate of C$712.03 million. As a group, equities research analysts expect that Hardwoods Distribution will post 6.2700001 earnings per share for the current fiscal year.
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Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It 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, solid surface products, and decorative laminates.
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