dentalcorp (TSE:DNTL) Lowered to “Tender” Rating by Desjardins

Desjardins downgraded shares of dentalcorp (TSE:DNTL) from a buy rating to a tender rating in a report published on Monday morning,BayStreet.CA reports. Desjardins currently has C$11.00 price objective on the stock, down from their previous price objective of C$12.75.

Several other 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 on the stock in a research note on Monday. BMO Capital Markets cut shares of dentalcorp from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$12.00 to C$11.00 in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$11.70.

dentalcorp Trading Down 0.5%

Shares of dentalcorp stock opened at C$10.86 on Monday. The company’s fifty day simple moving average is C$8.26 and its 200-day simple moving average is C$8.26. The stock has a market capitalization of C$2.16 billion, a PE 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. The company has a debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04.

dentalcorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Thursday, October 2nd will be paid a dividend of $0.025 per share. 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%.

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.