Extendicare (TSE:EXE) Price Target Raised to C$44.00

Extendicare (TSE:EXE) had its price target upped by Canaccord Genuity Group from C$37.00 to C$44.00 in a research note published on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also weighed in on EXE. BMO Capital Markets lifted their price objective on Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. Desjardins cut their target price on Extendicare from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research report on Monday. TD raised their target price on Extendicare from C$32.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, National Bank Financial raised 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. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, Extendicare presently has an average rating of “Buy” and a consensus target price of C$35.44.

Extendicare Trading Up 1.2%

EXE opened at C$32.08 on Monday. Extendicare has a twelve month low of C$12.64 and a twelve month high of C$39.14. The company has a fifty day moving average of C$35.30 and a 200-day moving average of C$30.45. The stock has a market cap of C$3.05 billion, a PE ratio of 24.56 and a beta of 1.59. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 82.55.

Extendicare (TSE:EXE) last released its earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$611.04 million for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. On average, sell-side analysts predict that Extendicare will post 0.6134729 EPS for the current year.

Extendicare Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors 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) annualized dividend and a yield of 1.6%. Extendicare’s dividend payout ratio is currently 39.23%.

About Extendicare

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.