Medical Facilities (TSE:DR) Reaches New 12-Month High – Should You Buy?

Medical Facilities Co. (TSE:DR)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$14.75 and last traded at C$14.63, with a volume of 41078 shares. The stock had previously closed at C$14.59.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DR. Leede Jones Gable upped their price objective on Medical Facilities from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Royal Bank of Canada upped their price target on shares of Medical Facilities from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th.

Medical Facilities Trading Down 0.5 %

The stock has a market cap of C$354.74 million, a price-to-earnings ratio of 22.01, a P/E/G ratio of 3.81 and a beta of 0.47. The business has a 50-day simple moving average of C$13.79 and a two-hundred day simple moving average of C$12.77. The company has a debt-to-equity ratio of 93.23, a current ratio of 1.11 and a quick ratio of 1.51.

Medical Facilities (TSE:DR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$146.64 million during the quarter, compared to the consensus estimate of C$144.66 million. Medical Facilities had a net margin of 2.75% and a return on equity of 35.99%. Equities analysts forecast that Medical Facilities Co. will post 1.2103478 EPS for the current fiscal year.

Medical Facilities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 2.44%. Medical Facilities’s dividend payout ratio (DPR) is presently 53.73%.

Medical Facilities Company Profile

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.