National Bank Financial Boosts Medical Facilities (TSE:DR) Price Target to C$9.75

Medical Facilities (TSE:DR) had its price objective upped by National Bank Financial to C$9.75 in a report published on Friday morning, Stock Target Advisor reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Medical Facilities from C$7.00 to C$8.00 and gave the stock a sector perform rating in a research note on Friday. National Bankshares increased their price objective on shares of Medical Facilities from C$7.75 to C$9.75 and gave the company an outperform rating in a research note on Friday. Finally, Leede Jones Gab reissued a buy rating on shares of Medical Facilities in a research note on Friday, March 12th.

TSE:DR opened at C$7.33 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.46 and a debt-to-equity ratio of 84.11. Medical Facilities has a fifty-two week low of C$3.65 and a fifty-two week high of C$7.99. The stock has a market cap of C$228.01 million and a PE ratio of 26.18. The firm’s fifty day simple moving average is C$7.39 and its 200-day simple moving average is C$7.04.

Medical Facilities (TSE:DR) last posted its quarterly earnings results on Thursday, March 11th. The company reported C($0.13) earnings per share for the quarter. The firm had revenue of C$142.70 million for the quarter, compared to analyst estimates of C$139.25 million. Equities analysts anticipate that Medical Facilities will post 0.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, March 31st were paid a $0.07 dividend. The ex-dividend date was Tuesday, March 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.82%. Medical Facilities’s payout ratio is 74.21%.

Medical Facilities Company Profile

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The company's specialty surgical hospitals provide surgical, imaging, diagnostic, and other pain management procedures; and other ancillary services, such as urgent care and occupational health.

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