Extendicare Inc. (TSE:EXE) Receives Consensus Rating of “Buy” from Brokerages

Shares of Extendicare Inc. (TSE:EXE) have earned a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$37.00.

A number of equities analysts recently issued reports on EXE shares. Royal Bank Of Canada boosted 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. Canaccord Genuity Group lifted their target price on Extendicare from C$37.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Desjardins lowered their target price on shares of Extendicare from C$40.00 to C$39.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, National Bank Financial upped their price target 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.

Extendicare Stock Down 0.3%

Shares of TSE:EXE opened at C$30.45 on Friday. Extendicare has a 1 year low of C$13.30 and a 1 year high of C$39.14. The business has a 50 day simple moving average of C$33.36 and a two-hundred day simple moving average of C$31.70. The firm has a market capitalization of C$2.89 billion, a PE ratio of 23.32 and a beta of 1.36. The company has a debt-to-equity ratio of 159.54, a current ratio of 0.75 and a quick ratio of 0.98.

Extendicare (TSE:EXE) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. Extendicare had a return on equity of 36.33% and a net margin of 6.13%.The firm had revenue of C$611.04 million for the quarter. On average, equities analysts predict that Extendicare will post 0.6134729 EPS for the current year.

Extendicare Dividend Announcement

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