Extendicare Inc. (TSE:EXE) Receives C$29.38 Consensus Price Target from Analysts

Shares of Extendicare Inc. (TSE:EXE) have been given a consensus rating of “Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$29.38.

Several research analysts have recently issued reports on EXE shares. BMO Capital Markets upped their price target on shares of Extendicare from C$24.00 to C$30.00 in a report on Monday, March 2nd. National Bank Financial upped their price target on shares of Extendicare from C$24.50 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Desjardins set a C$34.50 price target on shares of Extendicare and gave the stock a “buy” rating in a report on Wednesday. Canadian Imperial Bank of Commerce upped their price target on shares of Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. Finally, TD Securities upgraded shares of Extendicare from a “hold” rating to a “buy” rating and upped their price target for the stock from C$19.00 to C$32.00 in a report on Monday, April 6th.

Extendicare Stock Up 3.1%

Shares of TSE:EXE opened at C$29.61 on Wednesday. The company has a fifty day moving average of C$26.88 and a 200-day moving average of C$22.54. The company has a market capitalization of C$2.80 billion, a PE ratio of 26.60 and a beta of 1.18. 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 52-week low of C$12.12 and a 52-week high of C$29.99.

Extendicare (TSE:EXE) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$0.29 earnings per share (EPS) for the quarter. The company had revenue of C$462.03 million during the quarter. Extendicare had a net margin of 5.82% and a return on equity of 47.65%. On average, equities analysts predict that Extendicare will post 0.6134729 EPS for the current fiscal year.

Extendicare Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be issued a $0.0441 dividend. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, April 30th. Extendicare’s dividend payout ratio is presently 44.92%.

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.