Extendicare (TSE:EXE) Trading 11.5% Higher – Should You Buy?

Extendicare Inc. (TSE:EXE) shares rose 11.5% on Wednesday . The company traded as high as C$17.78 and last traded at C$17.78. Approximately 194,920 shares traded hands during trading, an increase of 9% from the average daily volume of 178,940 shares. The stock had previously closed at C$15.94.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Cibc World Mkts upgraded shares of Extendicare to a “strong-buy” rating in a research report on Monday, September 22nd. National Bankshares lifted their target price on Extendicare from C$16.10 to C$17.50 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. National Bank Financial raised shares of Extendicare to a “strong-buy” rating in a report on Wednesday, July 16th. Finally, CIBC set a C$18.00 target price on shares of Extendicare and gave the stock an “outperform” rating in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Extendicare has an average rating of “Moderate Buy” and a consensus target price of C$15.20.

Extendicare Trading Up 12.0%

The company’s fifty day moving average is C$14.79 and its two-hundred day moving average is C$14.05. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 18.51 and a beta of 0.90. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62.

Extendicare Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be given a $0.042 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 31st. Extendicare’s dividend payout ratio (DPR) is 50.57%.

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.