dentalcorp (TSE:DNTL) Downgraded to Hold Rating by Stifel Nicolaus

Stifel Nicolaus downgraded shares of dentalcorp (TSE:DNTL) from a buy rating to a hold rating in a research report report published on Tuesday,BayStreet.CA reports. The brokerage currently has C$11.00 price objective on the stock, down from their previous price objective of C$12.50.

DNTL has been the subject of several other research reports. Desjardins lowered dentalcorp from a “buy” rating to a “tender” rating and dropped their price objective for the company from C$12.75 to C$11.00 in a research note on Monday. ATB Capital downgraded dentalcorp from an “outperform” rating to a “tender” rating and dropped their price target for the company from C$12.00 to C$11.00 in a research report on Monday. CIBC cut shares of dentalcorp from an “outperform” rating to a “tender” rating and decreased their price objective for the stock from C$13.00 to C$11.00 in a research report on Monday. 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 research report on Monday. Finally, Jefferies Financial Group cut shares of dentalcorp from a “buy” rating to a “hold” rating and cut their price target for the stock from C$11.50 to C$11.00 in a research note on Monday. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, dentalcorp has an average rating of “Hold” and a consensus target price of C$11.55.

dentalcorp Stock Up 0.1%

Shares of TSE:DNTL opened at C$10.87 on Tuesday. The firm has a fifty day moving average price of C$8.31 and a two-hundred day moving average price of C$8.28. The company has a market cap of C$2.16 billion, a price-to-earnings ratio of -47.26, a PEG ratio of -2.69 and a beta of 1.38. 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 has a one year low of C$7.10 and a one 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 Tuesday, October 21st will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, October 2nd. dentalcorp’s dividend payout ratio (DPR) is presently -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.