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

Shares of Extendicare Inc. (TSE:EXE) have received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$31.89.

Several brokerages have issued reports on EXE. BMO Capital Markets increased their price target on Extendicare from C$30.00 to C$38.00 in a report on Wednesday, May 13th. Canaccord Genuity Group upgraded Extendicare to a “strong-buy” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce increased their price objective on Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. National Bank Financial increased their price objective on Extendicare from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, TD Securities upgraded Extendicare from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$19.00 to C$32.00 in a report on Monday, April 6th.

Extendicare Stock Up 1.1%

Shares of Extendicare stock opened at C$33.92 on Friday. Extendicare has a 1 year low of C$12.12 and a 1 year high of C$35.62. The business has a 50-day moving average of C$29.20 and a two-hundred day moving average of C$24.69. The company has a market capitalization of C$3.22 billion, a P/E ratio of 24.96 and a beta of 1.27. The company has a debt-to-equity ratio of 82.55, a current ratio of 1.44 and a quick ratio of 0.98.

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

Extendicare Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.0441 per share. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. Extendicare’s dividend payout ratio (DPR) is presently 37.24%.

Extendicare Company Profile

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.