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

Shares of Extendicare Inc. (TSE:EXE) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$32.56.

EXE has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce increased their price objective on shares of Extendicare from C$22.00 to C$32.00 in a research report on Thursday, April 2nd. Desjardins set a C$34.50 target price on shares of Extendicare and gave the company a “buy” rating in a report on Wednesday, April 22nd. National Bank Financial upped their price target on shares of Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. TD increased their price target on Extendicare from C$32.00 to C$39.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, BMO Capital Markets lifted their price objective on Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th.

Extendicare Stock Performance

TSE:EXE opened at C$36.40 on Friday. The company has a market capitalization of C$3.45 billion, a PE ratio of 26.78 and a beta of 1.58. The company has a 50 day simple moving average of C$35.07 and a two-hundred day simple moving average of C$29.73. 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$39.14.

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

Extendicare Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be paid a dividend of $0.0441 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 1.5%. Extendicare’s dividend payout ratio (DPR) is currently 37.24%.

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.