dentalcorp (TSE:DNTL) Lowered to Tender Rating by ATB Capital

ATB Capital cut shares of dentalcorp (TSE:DNTL) from an outperform rating to a tender rating in a research report sent to investors on Monday,BayStreet.CA reports. They currently have C$11.00 price target on the stock, down from their prior price target of C$12.00.

A number of other equities research analysts have also recently weighed in on the stock. TD Securities dropped 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. CIBC cut shares of dentalcorp from an “outperform” rating to a “tender” rating and dropped their price target for the company from C$13.00 to C$11.00 in a research report on Monday. Desjardins cut shares of dentalcorp from a “buy” rating to a “tender” rating and dropped their price target for the company from C$12.75 to C$11.00 in a research report on Monday. Finally, BMO Capital Markets cut shares of dentalcorp from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$12.00 to C$11.00 in a research report on Monday. Two equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$11.70.

dentalcorp Price Performance

Shares of DNTL stock opened at C$10.86 on Monday. The company has a debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04. The firm’s 50-day moving average is C$8.26 and its two-hundred day moving average is C$8.26. dentalcorp has a 12 month low of C$7.10 and a 12 month high of C$10.95. The company has a market capitalization of C$2.16 billion, a PE ratio of -47.22, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38.

dentalcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Thursday, October 2nd will be issued a $0.025 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.9%. dentalcorp’s payout ratio is -21.74%.

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.