Extendicare Inc. (TSE:EXE) Given Consensus Rating of “Buy” by Brokerages

Extendicare Inc. (TSE:EXE) has been given an average rating of “Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$32.56.

A number of equities research analysts have issued reports on EXE shares. National Bank Financial increased their price target on Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Canaccord Genuity Group raised Extendicare to a “strong-buy” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce upped their target price on shares of Extendicare from C$22.00 to C$32.00 in a research note on Thursday, April 2nd. BMO Capital Markets raised their target price on shares of Extendicare from C$30.00 to C$38.00 in a report on Wednesday, May 13th. Finally, TD lifted their price target on shares of Extendicare from C$32.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday, May 11th.

Extendicare Price Performance

Extendicare stock opened at C$37.00 on Monday. The firm has a market capitalization of C$3.51 billion, a P/E ratio of 27.23 and a beta of 1.58. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 82.55. Extendicare has a twelve month low of C$12.12 and a twelve month high of C$37.59. The stock’s fifty day simple moving average is C$33.61 and its 200-day simple moving average is C$28.15.

Extendicare (TSE:EXE) last released its 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 firm had revenue of C$465.22 million during the quarter. As a group, equities analysts expect that Extendicare will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.0441 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. 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.