Extendicare Inc. (TSE:EXE) Given Average Recommendation of “Buy” by Analysts

Extendicare Inc. (TSE:EXE) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$32.56.

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

Extendicare Price Performance

Shares of EXE opened at C$33.36 on Thursday. The stock has a market cap of C$3.16 billion, a PE ratio of 24.55 and a beta of 1.57. The company has a debt-to-equity ratio of 82.55, a quick ratio of 0.98 and a current ratio of 1.44. Extendicare has a fifty-two week low of C$12.12 and a fifty-two week high of C$35.62. The firm’s 50-day simple moving average is C$30.86 and its two-hundred day simple moving average is C$26.07.

Extendicare (TSE:EXE) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. The business had revenue of C$465.22 million for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. Analysts anticipate that Extendicare will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be issued a $0.0441 dividend. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 29th. Extendicare’s dividend payout ratio 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.