dentalcorp (TSE:DNTL) Trading 3.3% Higher - Time to Buy?

Key Points

• Dentalcorp Holdings Ltd. (TSE:DNTL) experienced a 3.3% increase in stock price, reaching C$8.18 on Tuesday.
• TD Securities has raised its price target for dentalcorp from C$12.00 to C$13.00 and maintained a "buy" rating, with six analysts also recommending the stock as a buy.
• The company recently announced a quarterly dividend of $0.025 per share, representing an annualized dividend of $0.10 and a yield of 1.2%.

dentalcorp Holdings Ltd. (TSE:DNTL - Get Free Report)'s share price traded up 3.3% during mid-day trading on Tuesday . The company traded as high as C$8.23 and last traded at C$8.18. 170,549 shares were traded during trading, an increase of 7% from the average session volume of 160,123 shares. The stock had previously closed at C$7.92.

Analysts Set New Price Targets

Separately, TD Securities upped their price target on shares of dentalcorp from C$12.00 to C$13.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, dentalcorp currently has a consensus rating of "Buy" and an average target price of C$12.59.

dentalcorp Price Performance

The stock's fifty day moving average is C$8.26 and its 200-day moving average is C$8.10. The stock has a market capitalization of C$1.54 billion, a PE ratio of -19.04, a P/E/G ratio of -2.69 and a beta of 1.26. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Thursday, July 3rd were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, July 3rd. This represents a $0.10 annualized dividend 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.