dentalcorp (TSE:DNTL) Cut to “Tender” at Desjardins

Desjardins lowered shares of dentalcorp (TSE:DNTL) from a buy rating to a tender rating in a report issued on Monday,BayStreet.CA reports. Desjardins currently has C$11.00 target price on the stock, down from their previous target price of C$12.75.

DNTL has been the topic of several other research reports. BMO Capital Markets lowered shares of dentalcorp from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$12.00 to C$11.00 in a report on Monday. TD Securities cut their price target on shares of dentalcorp from C$13.00 to C$11.00 and set a “sell” rating on the stock in a report on Monday. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$11.55.

dentalcorp Trading Up 0.1%

TSE DNTL opened at C$10.88 on Monday. dentalcorp has a one year low of C$7.10 and a one year high of C$10.95. The company’s 50 day moving average price is C$8.37 and its 200 day moving average price is C$8.30. The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.19. The firm has a market capitalization of C$2.17 billion, a price-to-earnings ratio of -47.30, a PEG ratio of -2.69 and a beta of 1.38.

dentalcorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 21st will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.10 annualized dividend and a yield of 0.9%. dentalcorp’s dividend payout ratio (DPR) is -21.74%.

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.