dentalcorp (TSE:DNTL) Lowered to “Market Perform” Rating by BMO Capital Markets

BMO Capital Markets lowered shares of dentalcorp (TSE:DNTL) from an outperform rating to a market perform rating in a research report sent to investors on Monday,BayStreet.CA reports. The firm currently has C$11.00 price target on the stock, down from their prior price target of C$12.00.

Separately, TD Securities dropped their target price on shares of dentalcorp from C$13.00 to C$11.00 and set a “sell” rating for the company in a report on Monday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, dentalcorp currently has a consensus rating of “Hold” and an average target price of C$11.70.

dentalcorp Stock Performance

dentalcorp stock opened at C$10.86 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 78.72. The firm has a 50-day moving average of C$8.26 and a 200-day moving average of C$8.26. The firm has a market cap 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 has a 1-year low of C$7.10 and a 1-year high of C$10.95.

dentalcorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Thursday, October 2nd will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, October 2nd. dentalcorp’s dividend payout ratio is presently -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.