dentalcorp (TSE:DNTL) Cut to Tender at CIBC

CIBC lowered shares of dentalcorp (TSE:DNTL) from an outperform rating to a tender rating in a research report report published on Monday morning,BayStreet.CA reports. They currently have C$11.00 price target on the stock, down from their previous price target of C$13.00.

Several other equities research analysts have also recently commented on DNTL. TD Securities lowered their price target on dentalcorp from C$13.00 to C$11.00 and set a “sell” rating for the company in a research note on Monday. Desjardins cut dentalcorp from a “buy” rating to a “tender” rating and lowered their price target for the company from C$12.75 to C$11.00 in a research note on Monday. Finally, BMO Capital Markets cut dentalcorp from an “outperform” rating to a “market perform” rating and lowered their price target 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, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, dentalcorp has an average rating of “Hold” and a consensus target price of C$11.55.

dentalcorp Trading Up 0.1%

Shares of TSE DNTL opened at C$10.88 on Monday. The stock has a market cap of C$2.17 billion, a price-to-earnings ratio of -47.30, a PEG ratio of -2.69 and a beta of 1.38. The business has a 50 day simple moving average of C$8.37 and a 200 day simple moving average of C$8.30. dentalcorp has a 52 week low of C$7.10 and a 52 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.

dentalcorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 21st will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.10 dividend on an annualized basis and a yield of 0.9%. 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.