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

Shares of Extendicare Inc. (TSE:EXE) have received a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$37.00.

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

Extendicare Stock Up 1.3%

Shares of TSE:EXE opened at C$30.76 on Tuesday. Extendicare has a 52-week low of C$12.64 and a 52-week high of C$39.14. The stock has a market cap of C$2.92 billion, a P/E ratio of 23.55 and a beta of 1.59. The business’s 50 day moving average is C$35.08 and its 200 day moving average is C$30.92. The company has a quick ratio of 0.98, a current ratio of 0.75 and a debt-to-equity ratio of 159.54.

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

Extendicare Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were given a $0.0441 dividend. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, July 31st. Extendicare’s dividend payout ratio is presently 39.23%.

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.