Extendicare Inc. (TSE:EXE) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Extendicare Inc. (TSE:EXE) have been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$37.00.

EXE has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their price target on Extendicare from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Canaccord Genuity Group upped their price target on Extendicare from C$37.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Desjardins reduced their price objective on Extendicare from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Monday, August 10th.

Extendicare Trading Up 2.1%

TSE:EXE opened at C$27.48 on Wednesday. Extendicare has a one year low of C$15.22 and a one year high of C$39.14. The company has a debt-to-equity ratio of 159.54, a current ratio of 0.75 and a quick ratio of 0.98. The company’s 50-day simple moving average is C$30.04 and its 200 day simple moving average is C$32.12. The firm has a market capitalization of C$2.61 billion, a P/E ratio of 21.04 and a beta of 1.39.

Extendicare (TSE:EXE) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.38 earnings per share for the quarter. Extendicare had a net margin of 6.13% and a return on equity of 36.33%. The business had revenue of C$611.04 million for the quarter. As a group, analysts forecast that Extendicare will post 0.61 EPS for the current fiscal year.

Extendicare Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be issued a $0.0441 dividend. This represents a $0.53 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, October 30th. Extendicare’s payout ratio is 39.23%.

About Extendicare

Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of the growing seniors’ population, inspired by our mission to provide people with the care they need, wherever they call home. We deliver more than 27 million hours of home health care services annually, operate a network of 97 long-term care homes (58 owned, 39 under management contracts), and provide group purchasing services to third parties representing approximately 161,700 beds across Canada.