dentalcorp Holdings Ltd. (TSE:DNTL) Given Average Recommendation of “Hold” by Brokerages

dentalcorp Holdings Ltd. (TSE:DNTL) has earned an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$11.55.

Several analysts have recently commented on DNTL shares. Desjardins downgraded dentalcorp from a “buy” rating to a “tender” rating and lowered their price objective for the stock from C$12.75 to C$11.00 in a research note on Monday, September 29th. Jefferies Financial Group downgraded dentalcorp from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$11.50 to C$11.00 in a research note on Monday, September 29th. CIBC downgraded dentalcorp from an “outperform” rating to a “tender” rating and lowered their price objective for the stock from C$13.00 to C$11.00 in a research note on Monday, September 29th. TD Securities lowered their price objective on dentalcorp from C$13.00 to C$11.00 and set a “sell” rating for the company in a research note on Monday, September 29th. Finally, Stifel Nicolaus lowered dentalcorp from a “buy” rating to a “hold” rating and reduced their target price for the company from C$12.50 to C$11.00 in a report on Tuesday, September 30th.

dentalcorp Price Performance

DNTL stock opened at C$10.90 on Friday. The stock’s 50 day simple moving average is C$9.27 and its 200 day simple moving average is C$8.63. dentalcorp has a fifty-two week low of C$7.10 and a fifty-two week high of C$10.95. 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 company has a market cap of C$2.17 billion, a P/E ratio of -47.39, a price-to-earnings-growth ratio of -2.69 and a beta of 1.39.

dentalcorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders 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 dividend payout ratio is currently -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.