Extendicare Inc. (TSE:EXE) Stock Has Average Price Target of C$37.00

Extendicare Inc. (TSE:EXE) has been assigned an average rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$37.00.

A number of brokerages have weighed in on EXE. Desjardins reduced their price target on Extendicare from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada lifted their price objective on Extendicare from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Canaccord Genuity Group upped their target price on Extendicare from C$37.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, August 10th.

Extendicare Stock Performance

Shares of EXE opened at C$31.47 on Friday. The company has a debt-to-equity ratio of 159.54, a quick ratio of 0.98 and a current ratio of 0.75. The company has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 24.10 and a beta of 1.36. The company’s 50 day simple moving average is C$32.76 and its 200 day simple moving average is C$31.87. Extendicare has a 1 year low of C$14.43 and a 1 year high of C$39.14.

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

Extendicare Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a $0.0441 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 31st. Extendicare’s dividend payout ratio (DPR) is presently 39.23%.

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.