Extendicare (TSE:EXE) Hits New 12-Month High – What’s Next?

Shares of Extendicare Inc. (TSE:EXE) reached a new 52-week high on Wednesday . The company traded as high as C$37.59 and last traded at C$37.00, with a volume of 332848 shares trading hands. The stock had previously closed at C$37.30.

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce upped their price target on shares of Extendicare from C$22.00 to C$32.00 in a research report on Thursday, April 2nd. BMO Capital Markets lifted their target price on shares of Extendicare from C$30.00 to C$38.00 in a research note on Wednesday, May 13th. Desjardins set a C$34.50 price target on Extendicare and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. TD Securities raised Extendicare from a “hold” rating to a “buy” rating and raised their price target for the company from C$19.00 to C$32.00 in a report on Monday, April 6th. Finally, National Bank Financial boosted their price objective on Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$32.56.

Extendicare Stock Down 0.8%

The company has a market capitalization of C$3.51 billion, a PE ratio of 27.23 and a beta of 1.58. The company’s 50 day moving average is C$33.20 and its two-hundred day moving average is C$27.84. 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 posted its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. The firm had revenue of C$465.22 million during the quarter. On average, analysts anticipate that Extendicare Inc. will post 0.6134729 earnings per share for the current year.

Extendicare Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.0441 per share. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. Extendicare’s dividend payout ratio is currently 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.