dentalcorp (TSE:DNTL) Sets New 12-Month High – Should You Buy?

dentalcorp Holdings Ltd. (TSE:DNTL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$10.99 and last traded at C$10.97, with a volume of 335622 shares. The stock had previously closed at C$10.93.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Royal Bank Of Canada cut shares of dentalcorp from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$13.00 to C$11.00 in a report on Monday, September 29th. CIBC cut shares of dentalcorp from an “outperform” rating to a “tender” rating and cut their price objective for the stock from C$13.00 to C$11.00 in a research report on Monday, September 29th. BMO Capital Markets lowered dentalcorp from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$12.00 to C$11.00 in a research report on Monday, September 29th. Desjardins downgraded dentalcorp from a “buy” rating to a “tender” rating and dropped their price target for the stock from C$12.75 to C$11.00 in a research note on Monday, September 29th. Finally, ATB Capital lowered dentalcorp from an “outperform” rating to a “tender” rating and cut their price target for the stock from C$12.00 to C$11.00 in a report on Monday, September 29th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$11.55.

dentalcorp Stock Performance

The company has a 50-day moving average of C$10.91 and a 200-day moving average of C$9.19. The company has a market cap of C$2.19 billion, a PE ratio of -78.36, a PEG ratio of -2.69 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72.

dentalcorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 21st were issued 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 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.