Extendicare (TSE:EXE) Given New C$32.00 Price Target at Canadian Imperial Bank of Commerce

Extendicare (TSE:EXE) had its price objective hoisted by investment analysts at Canadian Imperial Bank of Commerce from C$22.00 to C$32.00 in a report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price would indicate a potential upside of 16.36% from the stock’s current price.

A number of other research firms have also weighed in on EXE. Royal Bank Of Canada upgraded Extendicare from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$15.00 to C$25.00 in a research report on Thursday, December 4th. Cormark upped their price target on shares of Extendicare from C$25.00 to C$30.00 in a report on Wednesday, December 3rd. Canaccord Genuity Group raised their price target on shares of Extendicare from C$20.00 to C$22.50 in a research note on Thursday, December 4th. National Bank Financial lifted their price objective on shares of Extendicare from C$24.50 to C$29.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets boosted their price objective on shares of Extendicare from C$24.00 to C$30.00 in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$26.79.

Extendicare Trading Up 2.7%

Shares of EXE traded up C$0.72 during mid-day trading on Thursday, reaching C$27.50. 134,214 shares of the company’s stock traded hands, compared to its average volume of 316,826. The company has a debt-to-equity ratio of 91.85, a current ratio of 1.37 and a quick ratio of 0.98. The stock’s 50-day moving average is C$25.11 and its two-hundred day moving average is C$20.87. Extendicare has a 12 month low of C$12.12 and a 12 month high of C$27.89. The stock has a market cap of C$2.60 billion, a P/E ratio of 24.71 and a beta of 1.30.

Extendicare (TSE:EXE) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.29 earnings per share (EPS) for the quarter. Extendicare had a return on equity of 47.65% and a net margin of 5.82%.The firm had revenue of C$462.03 million during the quarter. Research analysts forecast that Extendicare will post 0.6134729 earnings per share for the current fiscal year.

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.