Extendicare (TSE:EXE) Rating Increased to Buy at TD Securities

TD Securities upgraded shares of Extendicare (TSE:EXE) from a hold rating to a buy rating in a report released on Monday,BayStreet.CA reports. TD Securities currently has C$32.00 price target on the stock, up from their prior price target of C$19.00.

EXE has been the topic of several other research reports. National Bank Financial lifted their target price on shares of Extendicare from C$24.50 to C$29.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. BMO Capital Markets lifted their target price on shares of Extendicare from C$24.00 to C$30.00 in a report on Monday, March 2nd. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Extendicare currently has an average rating of “Buy” and an average price target of C$28.64.

Extendicare Trading Up 1.4%

Shares of Extendicare stock opened at C$28.14 on Monday. The company has a market capitalization of C$2.66 billion, a P/E ratio of 25.28 and a beta of 1.18. The company’s fifty day moving average is C$25.44 and its two-hundred day moving average is C$21.23. The company has a debt-to-equity ratio of 91.85, a quick ratio of 0.98 and a current ratio of 1.37. Extendicare has a 1 year low of C$12.12 and a 1 year high of C$29.44.

Extendicare (TSE:EXE) last issued its earnings results on Thursday, February 26th. The company reported C$0.29 earnings per share for the quarter. The business had revenue of C$462.03 million for the quarter. Extendicare had a net margin of 5.82% and a return on equity of 47.65%. Analysts forecast that Extendicare will post 0.6134729 earnings per share for the current year.

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.