National Bank Financial Boosts Hardwoods Distribution (TSE:HDI) Price Target to C$18.50

Hardwoods Distribution (TSE:HDI) had its price objective raised by National Bank Financial from C$18.00 to C$18.50 in a report issued on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for Hardwoods Distribution’s Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $1.34 EPS and FY2020 earnings at $1.66 EPS.

Separately, CIBC dropped their target price on Hardwoods Distribution from C$16.00 to C$15.00 in a report on Friday, July 5th.

HDI stock opened at C$12.00 on Tuesday. Hardwoods Distribution has a twelve month low of C$10.04 and a twelve month high of C$17.50. The company has a quick ratio of 0.70, a current ratio of 1.94 and a debt-to-equity ratio of 76.74. The stock’s 50 day moving average is C$12.66 and its 200-day moving average is C$12.51. The firm has a market capitalization of $269.99 million and a PE ratio of 8.63.

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 26th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.67%. Hardwoods Distribution’s dividend payout ratio is presently 21.94%.

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.

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