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

Extendicare Inc. (TSE:EXE) has earned a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$37.00.

A number of research analysts have recently commented on EXE shares. Royal Bank Of Canada upped their target price on Extendicare from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. National Bank Financial boosted their price objective on Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. TD upped their price objective on Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research report on Monday, May 11th. BMO Capital Markets increased their target price on Extendicare from C$30.00 to C$38.00 in a research note on Wednesday, May 13th. Finally, Desjardins decreased their target price on Extendicare from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Monday, August 10th.

Extendicare Price Performance

EXE stock opened at C$30.76 on Tuesday. The stock has a market cap of C$2.92 billion, a PE ratio of 23.55 and a beta of 1.59. Extendicare has a 12 month low of C$12.64 and a 12 month high of C$39.14. The company has a 50-day moving average price of C$35.08 and a 200 day moving average price of C$30.92. The company has a current ratio of 0.75, a quick ratio of 0.98 and a debt-to-equity ratio of 159.54.

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

Extendicare Dividend Announcement

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