Extendicare (TSE:EXE) Hits New 12-Month High – Time to Buy?

Shares of Extendicare Inc. (TSE:EXE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$36.05 and last traded at C$35.95, with a volume of 124152 shares traded. The stock had previously closed at C$35.07.

Analyst Upgrades and Downgrades

EXE has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. National Bank Financial lifted their price target on Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Canadian Imperial Bank of Commerce boosted their price target on Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. TD increased their price objective 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, Desjardins set a C$34.50 target price on Extendicare and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$32.56.

Extendicare Trading Up 3.5%

The company has a debt-to-equity ratio of 82.55, a current ratio of 1.44 and a quick ratio of 0.98. The business’s 50-day moving average is C$32.52 and its two-hundred day moving average is C$27.42. The firm has a market cap of C$3.44 billion, a P/E ratio of 26.70 and a beta of 1.57.

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

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.0441 dividend. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, May 29th. Extendicare’s dividend payout ratio (DPR) is currently 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.