Analysts Set Extendicare Inc. (TSE:EXE) Price Target at C$32.56

Extendicare Inc. (TSE:EXE) has been given a consensus rating of “Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$32.56.

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group upgraded shares of Extendicare to a “strong-buy” rating in a research report on Monday, May 11th. National Bank Financial increased their target price on Extendicare from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Desjardins set a C$34.50 price target on Extendicare and gave the company a “buy” rating in a report on Wednesday, April 22nd. TD lifted their price target on Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, BMO Capital Markets upped their price objective on Extendicare from C$30.00 to C$38.00 in a report on Wednesday, May 13th.

Extendicare Stock Down 2.1%

Shares of Extendicare stock opened at C$34.19 on Friday. The company has a market cap of C$3.24 billion, a P/E ratio of 25.16 and a beta of 1.59. The company has a debt-to-equity ratio of 82.55, a quick ratio of 0.98 and a current ratio of 1.44. Extendicare has a one year low of C$12.37 and a one year high of C$39.14. The firm has a fifty day moving average of C$35.24 and a two-hundred day moving average of C$30.18.

Extendicare (TSE:EXE) last issued its earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. The business had revenue of C$611.04 million for the quarter. On average, analysts forecast 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 will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.0441 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. Extendicare’s dividend payout ratio is 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.