Extendicare (TSE:EXE) Price Target Raised to C$8.00 at TD Securities

Extendicare (TSE:EXE) had its price objective lifted by TD Securities from C$7.50 to C$8.00 in a report released on Friday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently commented on the company. Leede Jones Gable lifted their target price on Extendicare from C$7.00 to C$8.50 and gave the stock a buy rating in a report on Monday, March 11th. Royal Bank of Canada boosted their price objective on shares of Extendicare from C$7.50 to C$8.00 and gave the company a sector perform rating in a research report on Monday, March 11th.

Extendicare Price Performance

EXE traded up C$0.55 on Friday, hitting C$7.83. 832,359 shares of the company’s stock traded hands, compared to its average volume of 129,555. Extendicare has a one year low of C$5.75 and a one year high of C$7.90. The company’s 50 day simple moving average is C$7.46 and its 200-day simple moving average is C$7.10. The company has a current ratio of 0.83, a quick ratio of 0.98 and a debt-to-equity ratio of 380.48. The firm has a market cap of C$652.87 million, a price-to-earnings ratio of 19.58 and a beta of 1.23.

Extendicare (TSE:EXE) last released its quarterly earnings data on Thursday, March 7th. The company reported C$0.10 earnings per share (EPS) for the quarter. Extendicare had a return on equity of 36.03% and a net margin of 2.60%. The business had revenue of C$350.18 million for the quarter. As a group, research analysts anticipate that Extendicare will post 0.3902439 EPS for the current year.

Extendicare Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.04 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.48 annualized dividend and a yield of 6.13%. Extendicare’s dividend payout ratio (DPR) is 120.00%.

Extendicare Company Profile

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.