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

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

Analyst Ratings Changes

A number of research firms have issued reports on DR. Royal Bank of Canada raised 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. Leede Jones Gable raised their price target 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 Up 1.6 %

The firm has a market cap of C$356.66 million, a price-to-earnings ratio of 21.78, a PEG ratio of 3.81 and a beta of 0.47. The business’s 50 day moving average price is C$13.74 and its 200 day moving average price is C$12.71. The company has a debt-to-equity ratio of 93.23, a quick ratio of 1.51 and a current ratio of 1.11.

Medical Facilities (TSE:DR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C($0.03) EPS for the quarter. The firm had revenue of C$146.64 million for the quarter, compared to analyst estimates of C$144.66 million. Medical Facilities had a return on equity of 35.99% and a net margin of 2.75%. On average, equities analysts forecast that Medical Facilities Co. will post 1.2103478 EPS for the current year.

Medical Facilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.43%. Medical Facilities’s payout ratio is 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.