Extendicare (TSE:EXE) Price Target Raised to C$39.50

Extendicare (TSE:EXE) had its price target lifted by Desjardins from C$39.00 to C$39.50 in a research note issued to investors on Monday,BayStreet reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on EXE. Royal Bank Of Canada increased their target price on Extendicare from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Canaccord Genuity Group lifted their target price on Extendicare from C$37.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, National Bank Financial cut their price target on shares of Extendicare from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Extendicare currently has a consensus rating of “Buy” and an average price target of C$37.06.

Extendicare Stock Up 3.5%

TSE:EXE opened at C$29.96 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.68 and a debt-to-equity ratio of 137.74. The stock’s fifty day moving average is C$28.84 and its two-hundred day moving average is C$30.12. Extendicare has a 52 week low of C$16.13 and a 52 week high of C$39.14. The stock has a market capitalization of C$2.85 billion, a price-to-earnings ratio of 21.76 and a beta of 1.31.

Extendicare (TSE:EXE) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.41 EPS for the quarter. Extendicare had a return on equity of 32.84% and a net margin of 6.06%. The business had revenue of C$627.84 million during the quarter. Research analysts anticipate that Extendicare will post 0.61 EPS for the current year.

Extendicare Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be given a $0.0441 dividend. This represents a $0.53 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 30th. Extendicare’s dividend payout ratio (DPR) is currently 37.67%.

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.