dentalcorp (TSE:DNTL) Cut to “Sector Perform” at Royal Bank Of Canada

Royal Bank Of Canada cut shares of dentalcorp (TSE:DNTL) from an outperform rating to a sector perform rating in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has C$11.00 price target on the stock, down from their prior price target of C$13.00.

Other analysts have also issued reports about the company. Desjardins lowered dentalcorp from a “buy” rating to a “tender” rating and reduced their target price for the stock from C$12.75 to C$11.00 in a report on Monday. BMO Capital Markets lowered dentalcorp from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$12.00 to C$11.00 in a report on Monday. CIBC lowered dentalcorp from an “outperform” rating to a “tender” rating and reduced their target price for the stock from C$13.00 to C$11.00 in a report on Monday. TD Securities dropped their price objective on dentalcorp from C$13.00 to C$11.00 and set a “sell” rating for the company in a research report on Monday. Finally, ATB Capital downgraded dentalcorp from an “outperform” rating to a “tender” rating and dropped their price objective for the stock from C$12.00 to C$11.00 in a research report on Monday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, dentalcorp currently has an average rating of “Hold” and an average target price of C$11.55.

dentalcorp Stock Performance

DNTL opened at C$10.88 on Monday. The firm has a market cap of C$2.17 billion, a P/E ratio of -47.30, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38. dentalcorp has a 52-week low of C$7.10 and a 52-week high of C$10.95. 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 business’s fifty day moving average is C$8.37 and its 200-day moving average is C$8.30.

dentalcorp Announces Dividend

The company also recently announced 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 is Thursday, October 2nd. This represents a $0.10 annualized dividend and a yield of 0.9%. dentalcorp’s dividend payout ratio (DPR) is currently -21.74%.

dentalcorp Company Profile

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.