The stock of Medical Facilities Corp (TSE:DR) reached all time high today, Oct, 19 and still has $37.69 target or 64.00% above today’s $22.98 share price. This indicates more upside for the $723.52M company. This technical setup was reported by Barchart.com. If the $37.69 PT is reached, the company will be worth $463.05M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 23,068 shares traded hands. Medical Facilities Corp (TSE:DR) has risen 54.72% since March 14, 2016 and is uptrending. It has outperformed by 49.17% the S&P500.
Medical Facilities Corp (TSE:DR) Ratings Coverage
Out of 2 analysts covering Medical Facilities Corp (TSE:DR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $25 is the highest target while $17.50 is the lowest. The $19.88 average target is -13.49% below today’s ($22.98) stock price. Medical Facilities Corp has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was maintained by TD Securities on Friday, October 7 with “Buy”. The stock of Medical Facilities Corp (TSE:DR) earned “Sector Perform” rating by National Bank Canada on Monday, August 17.
Another recent and important Medical Facilities Corp (TSE:DR) news was published by Reuters.com which published an article titled: “BRIEF-Ambulatory surgery center acquired by unit of Medical Facilities Cor…” on September 28, 2016.
Medical Facilities Corporation is a Canada company, which owns interests in over six entities , approximately five of which either own a specialty surgical hospital (SSH) or an ambulatory surgery center (ASC). The company has a market cap of $723.52 million. The Company’s Centers offer facilities, such as staff, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging and diagnostic procedures. It currently has negative earnings. The Centers focus on clinical specialties, such as orthopedic, neurosurgery, pain management and other non-emergency elective procedures.
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