Could Medical Facilities Corp Change Direction After Today’s Huge Decline?

 Could Medical Facilities Corp Change Direction After Today's Huge Decline?

The stock of Medical Facilities Corp (TSE:DR) is a huge mover today! About 36,969 shares traded hands. Medical Facilities Corp (TSE:DR) has risen 36.47% since March 30, 2016 and is uptrending. It has outperformed by 35.25% the S&P500.
The move comes after 5 months negative chart setup for the $648.50 million company. It was reported on Nov, 3 by Barchart.com. We have $19.48 PT which if reached, will make TSE:DR worth $58.37 million less.

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 -7.15% below today’s ($21.41) stock price. Medical Facilities Corp has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. TD Securities maintained Medical Facilities Corp (TSE:DR) rating on Friday, October 7. TD Securities has “Buy” rating and $25 price target. National Bank Canada maintained it with “Sector Perform” rating and $17.50 target price in Monday, August 17 report.

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 $648.50 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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