ATB Capital cut shares of dentalcorp (TSE:DNTL – Free Report) from an outperform rating to a tender rating in a research note released on Monday,BayStreet.CA reports. They currently have C$11.00 price target on the stock, down from their previous price target of C$12.00.
A number of other research analysts also recently issued reports on the stock. Desjardins downgraded shares of dentalcorp from a “buy” rating to a “tender” rating and decreased their price target for the stock from C$12.75 to C$11.00 in a research note on Monday. TD Securities reduced their price objective on shares of dentalcorp from C$13.00 to C$11.00 and set a “sell” rating for the company in a research report on Monday. BMO Capital Markets downgraded shares of dentalcorp from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$12.00 to C$11.00 in a research report on Monday. Finally, CIBC downgraded shares of dentalcorp from an “outperform” rating to a “tender” rating and reduced their price objective for the stock from C$13.00 to C$11.00 in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$11.70.
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dentalcorp Stock Down 0.5%
Shares of dentalcorp stock opened at C$10.86 on Monday. dentalcorp has a 52-week low of C$7.10 and a 52-week high of C$10.95. The company has a 50 day moving average of C$8.26 and a 200 day moving average of C$8.26. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72. The company has a market capitalization of C$2.16 billion, a P/E ratio of -47.22, a P/E/G ratio of -2.69 and a beta of 1.38.
dentalcorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, October 2nd. dentalcorp’s payout ratio is currently -21.74%.
About dentalcorp
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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.
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