dentalcorp (TSE:DNTL) Hits New 1-Year High – Time to Buy?

Shares of dentalcorp Holdings Ltd. (TSE:DNTL) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.95 and last traded at C$10.95, with a volume of 305956 shares changing hands. The stock had previously closed at C$10.93.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Securities lowered their price target on dentalcorp from C$13.00 to C$11.00 and set a “sell” rating on the stock in a report on Monday, September 29th. BMO Capital Markets cut dentalcorp from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$12.00 to C$11.00 in a research report on Monday, September 29th. Jefferies Financial Group lowered shares of dentalcorp from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$11.50 to C$11.00 in a research report on Monday, September 29th. Desjardins cut shares of dentalcorp from a “buy” rating to a “tender” rating and cut their target price for the stock from C$12.75 to C$11.00 in a research report on Monday, September 29th. Finally, Royal Bank Of Canada lowered shares of dentalcorp from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$13.00 to C$11.00 in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, dentalcorp currently has a consensus rating of “Hold” and a consensus target price of C$11.55.

dentalcorp Trading Up 0.2%

The company has a debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04. The firm has a market cap of C$2.18 billion, a price-to-earnings ratio of -78.21, a price-to-earnings-growth ratio of -2.69 and a beta of 1.51. The business’s 50-day moving average price is C$10.48 and its two-hundred day moving average price is C$9.07.

dentalcorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 21st were given a dividend of $0.025 per share. The ex-dividend date was Thursday, October 2nd. This represents a $0.10 annualized dividend and a yield of 0.9%. dentalcorp’s dividend payout ratio is -53.57%.

About dentalcorp

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.