dentalcorp (TSE:DNTL) Hits New 52-Week High – Should You Buy?

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada downgraded shares of dentalcorp from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$13.00 to C$11.00 in a research report on Monday, September 29th. TD Securities reduced their price target 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, September 29th. Jefferies Financial Group cut dentalcorp from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$11.50 to C$11.00 in a research report on Monday, September 29th. 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, September 29th. Finally, Desjardins downgraded dentalcorp from a “buy” rating to a “tender” rating and lowered their price target for the company from C$12.75 to C$11.00 in a report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, dentalcorp currently has an average rating of “Hold” and an average price target of C$11.55.

dentalcorp Stock Performance

The firm has a market cap of C$2.18 billion, a P/E ratio of -78.14, a P/E/G ratio of -2.69 and a beta of 1.51. 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 50-day simple moving average is C$10.60 and its 200 day simple moving average is C$9.10.

dentalcorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 21st were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. dentalcorp’s payout ratio is presently -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.