Extendicare Inc. (TSE:EXE) Receives Average Recommendation of “Buy” from Analysts

Extendicare Inc. (TSE:EXE) has received a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$32.56.

A number of brokerages recently issued reports on EXE. Canaccord Genuity Group raised Extendicare to a “strong-buy” rating in a report on Monday, May 11th. National Bank Financial increased their price objective on Extendicare from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Canadian Imperial Bank of Commerce lifted their target price on shares of Extendicare from C$22.00 to C$32.00 in a research note on Thursday, April 2nd. TD Securities raised Extendicare from a “hold” rating to a “buy” rating and raised their price target for the stock from C$19.00 to C$32.00 in a research note on Monday, April 6th. Finally, BMO Capital Markets increased their price objective on Extendicare from C$30.00 to C$38.00 in a report on Wednesday, May 13th.

Extendicare Stock Performance

TSE:EXE opened at C$37.00 on Monday. The stock has a market cap of C$3.51 billion, a P/E ratio of 27.23 and a beta of 1.58. Extendicare has a 1-year low of C$12.12 and a 1-year high of C$37.59. The company has a debt-to-equity ratio of 82.55, a current ratio of 1.44 and a quick ratio of 0.98. The firm has a 50-day moving average of C$33.61 and a two-hundred day moving average of C$28.11.

Extendicare (TSE:EXE) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 EPS for the quarter. Extendicare had a return on equity of 45.35% and a net margin of 6.99%.The business had revenue of C$465.22 million during the quarter. On average, research analysts expect that Extendicare will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a dividend of $0.0441 per share. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 29th. Extendicare’s dividend payout ratio (DPR) is 37.24%.

Extendicare Company Profile

Extendicare Inc, operating solely in Canada, is the largest private-sector owner and operator of long-term care (LTC”) homes and one of the largest private-sector providers of publicly funded home health care services.