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Hardwoods Distribution Inc. (TSE:HDI) Receives Average Rating of “Buy” from Brokerages

Hardwoods Distribution Inc. (TSE:HDI) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$61.17.

A number of research firms have recently commented on HDI. National Bankshares boosted their price target on Hardwoods Distribution from C$67.50 to C$75.50 and gave the stock an “outperform” rating in a report on Tuesday, December 7th. Canaccord Genuity boosted their price target on Hardwoods Distribution from C$62.00 to C$66.00 in a report on Thursday, October 21st. CIBC boosted their price target on Hardwoods Distribution from C$51.00 to C$59.00 and gave the stock an “outperform” rating in a report on Tuesday, November 9th. Finally, Cormark lowered their price target on Hardwoods Distribution from C$65.00 to C$63.50 in a report on Thursday, December 9th.

HDI traded up C$0.28 during trading on Friday, hitting C$43.68. The stock had a trading volume of 22,427 shares, compared to its average volume of 59,942. The company has a 50 day moving average price of C$42.03 and a 200-day moving average price of C$37.89. The firm has a market cap of C$1.03 billion and a price-to-earnings ratio of 9.38. Hardwoods Distribution has a one year low of C$24.35 and a one year high of C$49.34. The company has a debt-to-equity ratio of 202.12, a current ratio of 2.22 and a quick ratio of 0.66.

Hardwoods Distribution (TSE:HDI) last announced its quarterly earnings data on Monday, November 8th. The company reported C$1.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.71 by C($0.03). The business had revenue of C$471.67 million during the quarter, compared to analysts’ expectations of C$568.61 million. As a group, sell-side analysts predict that Hardwoods Distribution will post 5.3200001 EPS for the current fiscal year.


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The company also recently declared a quarterly dividend, which was paid on Friday, October 29th. Investors of record on Friday, October 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, October 15th. Hardwoods Distribution’s dividend payout ratio (DPR) is currently 6.52%.

Hardwoods Distribution Company Profile

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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Analyst Recommendations for Hardwoods Distribution (TSE:HDI)

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