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

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Securities upgraded Extendicare from a “hold” rating to a “buy” rating and raised their price target for the stock from C$19.00 to C$32.00 in a research report on Monday, April 6th. TD upped their price objective on Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, May 11th. Canaccord Genuity Group raised Extendicare to a “strong-buy” rating in a research note on Monday, May 11th. Desjardins set a C$34.50 target price on Extendicare and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, National Bank Financial boosted their target price on Extendicare from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$32.56.

Extendicare Stock Up 3.5%

The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 82.55. The firm’s fifty day moving average price is C$32.52 and its 200-day moving average price is C$27.42. The company has a market cap of C$3.44 billion, a price-to-earnings ratio of 26.70 and a beta of 1.57.

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

Extendicare Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0441 per share. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 29th. Extendicare’s 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.