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

Key Points

• dentalcorp has been downgraded from a "buy" rating to a "hold" rating by Stifel Nicolaus, with a revised price target of C$11.00, down from C$12.50.
• Multiple analysts have also lowered their ratings and price targets for the stock, with Desjardins and TD Securities now recommending a "tender" and "sell" rating, respectively.
• The stock currently trades at C$10.88 and has a market capitalization of C$2.17 billion, reflecting a mixed outlook from analysts with an average rating of "Hold".

dentalcorp (TSE:DNTL - Get Free Report) was downgraded by Stifel Nicolaus from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. They currently have a C$11.00 price target on the stock, down from their prior price target of C$12.50. Stifel Nicolaus' target price suggests a potential upside of 1.10% from the company's previous close.

Other equities analysts have also issued research reports about the stock. Desjardins lowered shares of dentalcorp from a "buy" rating to a "tender" rating and reduced their target price for the company from C$12.75 to C$11.00 in a report on Monday. TD Securities reduced their target price on shares of dentalcorp from C$13.00 to C$11.00 and set a "sell" rating on the stock in a report on Monday. Royal Bank Of Canada lowered shares of dentalcorp from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from C$13.00 to C$11.00 in a report on Monday. ATB Capital lowered shares of dentalcorp from an "outperform" rating to a "tender" rating and reduced their target price for the company from C$12.00 to C$11.00 in a report on Monday. Finally, Jefferies Financial Group lowered shares of dentalcorp from a "buy" rating to a "hold" rating and reduced their target price for the company from C$11.50 to C$11.00 in a report on Monday. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$11.55.

dentalcorp Stock Up 0.2%

Shares of TSE:DNTL traded up C$0.02 during midday trading on Tuesday, hitting C$10.88. 607,667 shares of the company's stock traded hands, compared to its average volume of 200,447. 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 PE ratio of -47.30, a P/E/G ratio of -2.69 and a beta of 1.38. The firm's fifty day moving average price is C$8.26 and its two-hundred day moving average price is C$8.26. dentalcorp has a twelve month low of C$7.10 and a twelve month high of C$10.95.

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.

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