Royal Bank Of Canada Issues Positive Forecast for Extendicare (TSE:EXE) Stock Price

Extendicare (TSE:EXE) had its target price raised by Royal Bank Of Canada from C$38.00 to C$39.00 in a report published on Friday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other analysts have also recently commented on EXE. Desjardins lowered their target price on shares of Extendicare from C$40.00 to C$39.00 and set a “buy” rating for the company in a research note on Monday, August 10th. TD upped their target price on Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Canaccord Genuity Group increased their target price on Extendicare from C$37.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. BMO Capital Markets upped their price objective on shares of Extendicare from C$30.00 to C$38.00 in a research note on Wednesday, May 13th. Finally, National Bank Financial increased 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. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$37.00.

Extendicare Price Performance

Shares of TSE:EXE opened at C$32.74 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.75 and a debt-to-equity ratio of 159.54. The company has a market cap of C$3.11 billion, a P/E ratio of 25.07 and a beta of 1.59. Extendicare has a 52 week low of C$12.64 and a 52 week high of C$39.14. The company has a 50-day moving average price of C$35.30 and a 200 day moving average price of C$30.54.

Extendicare (TSE:EXE) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$611.04 million during the quarter. Extendicare had a net margin of 6.13% and a return on equity of 36.33%. Research analysts predict that Extendicare will post 0.6134729 earnings per share for the current year.

Extendicare Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th 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 of this dividend is Friday, July 31st. Extendicare’s dividend payout ratio is 39.23%.

About Extendicare

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.