Medical Facilities (TSE:DR) Hits New 12-Month High – Still a Buy?

Posted by Trent Williams on Nov 15th, 2024

Medical Facilities Co. (TSE:DR – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$15.34 and last traded at C$15.14, with a volume of 53934 shares traded. The stock had previously closed at C$14.99.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DR. Leede Jones Gable lifted their target price on shares of Medical Facilities from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their target price on shares of Medical Facilities from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Finally, Leede Financial cut shares of Medical Facilities from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th.

View Our Latest Analysis on DR

Medical Facilities Stock Up 7.9 %

The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 86.99. The firm has a market capitalization of C$391.05 million, a PE ratio of 14.78, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The business has a 50-day moving average price of C$14.13 and a 200-day moving average price of C$13.25.

Medical Facilities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, September 27th. Medical Facilities’s dividend payout ratio is currently 32.73%.

About Medical Facilities

(Get Free Report)

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. The company's specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as primary and urgent care; and ambulatory surgery centers offers scheduled outpatient surgical procedures.