Medical Facilities (TSE:DR) Reaches New 1-Year High – Should You Buy?

Medical Facilities Co. (TSE:DR) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$15.10 and last traded at C$14.54, with a volume of 67544 shares trading hands. The stock had previously closed at C$14.68.

Analyst Ratings Changes

Several brokerages have recently commented on DR. Royal Bank of Canada increased 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 note on Wednesday, August 7th. Leede Jones Gable increased their target price on shares of Medical Facilities from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

Medical Facilities Stock Down 2.5 %

The business has a 50-day simple moving average of C$14.06 and a 200-day simple moving average of C$13.17. The company has a quick ratio of 1.51, a current ratio of 1.11 and a debt-to-equity ratio of 93.23. The stock has a market cap of C$344.40 million, a P/E ratio of 21.37, a PEG ratio of 3.81 and a beta of 0.47.

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

Medical Facilities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, September 27th. Medical Facilities’s dividend payout ratio (DPR) is currently 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.