dentalcorp Holdings Ltd. (TSE:DNTL) Given Average Rating of "Buy" by Brokerages

Key Points

• dentalcorp Holdings Ltd. has received a consensus rating of "Buy" from six analysts covering the stock, with an average 12-month price target of C$12.82.
• TD Securities recently raised its price target for dentalcorp from C$12.00 to C$13.00 and maintained a "buy" rating on the stock.
• The company recently declared a quarterly dividend of $0.025 per share, resulting in an annualized yield of 1.2%.

Shares of dentalcorp Holdings Ltd. (TSE:DNTL - Get Free Report) have been given a consensus recommendation of "Buy" by the six ratings firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$12.82.

Separately, TD Securities upped their price target on shares of dentalcorp from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd.

dentalcorp Stock Performance

Shares of TSE:DNTL traded down C$0.08 during trading on Friday, reaching C$8.11. 140,488 shares of the company's stock traded hands, compared to its average volume of 160,458. 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 12 month low of C$7.10 and a 12 month high of C$10.50. The company has a 50 day moving average of C$8.25 and a 200-day moving average of C$8.11. The stock has a market capitalization of C$1.52 billion, a P/E ratio of -18.85, a price-to-earnings-growth ratio of -2.69 and a beta of 1.26.

dentalcorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Thursday, July 3rd were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $0.10 dividend on an annualized basis and a yield of 1.2%.

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.