Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Hardwoods Distribution (TSE:HDI – Get Rating) had its price objective boosted by stock analysts at CIBC from C$41.00 to C$46.00 in a research note issued on Monday, BayStreet.CA reports. CIBC’s target price indicates a potential upside of 35.25% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. TD Securities decreased their target price on Hardwoods Distribution from C$73.00 to C$64.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Canaccord Genuity Group raised their target price on Hardwoods Distribution from C$60.00 to C$63.00 in a research report on Monday, May 16th. Finally, Cormark cut their price objective on Hardwoods Distribution from C$70.00 to C$55.00 in a research report on Monday, May 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Hardwoods Distribution presently has a consensus rating of “Buy” and a consensus target price of C$62.25.
Hardwoods Distribution Price Performance
Hardwoods Distribution stock traded up C$0.01 during midday trading on Monday, reaching C$34.01. The company’s stock had a trading volume of 44,467 shares, compared to its average volume of 90,353. The firm has a market capitalization of C$810.05 million and a PE ratio of 4.44. The company has a debt-to-equity ratio of 182.44, a quick ratio of 0.46 and a current ratio of 1.58. Hardwoods Distribution has a fifty-two week low of C$26.92 and a fifty-two week high of C$49.58. The stock’s 50 day simple moving average is C$30.31 and its 200 day simple moving average is C$35.01.
Hardwoods Distribution (TSE:HDI – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The company reported C$2.37 EPS for the quarter, topping the consensus estimate of C$1.54 by C$0.83. The company had revenue of C$816.89 million for the quarter, compared to analyst estimates of C$712.03 million. On average, equities research analysts forecast that Hardwoods Distribution will post 6.0077574 earnings per share for the current year.
About Hardwoods Distribution
(Get Rating)
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.
Featured Stories
- The Five Hottest Calls From The Q2 Earnings Season
- Here is a Simple 4 Stock Portfolio that Can Outperform the Market
- Is AMC Entertainment Pulling a Fast One on the APEs?
- The Institutions Trim Holdings Of High-Yielding Foot Locker, Inc
- Here’s How the Inflation Reduction Act Energizes Power Stock
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hardwoods Distribution, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Hardwoods Distribution wasn’t on the list.
While Hardwoods Distribution currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
David McNatt discusses ESG investing and offers ways to avoid pitfalls and to understand exactly what kinds of companies you are buying.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
