Extendicare Inc. (TSE:EXE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Extendicare Inc. (TSE:EXE) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$18.10.

Several analysts recently issued reports on EXE shares. TD Securities lifted their price target on shares of Extendicare from C$15.00 to C$19.00 in a research report on Thursday, November 13th. National Bankshares raised their price objective on shares of Extendicare from C$16.10 to C$17.50 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. BMO Capital Markets boosted their target price on shares of Extendicare from C$15.00 to C$21.00 in a research report on Monday, November 17th. CIBC upped their target price on shares of Extendicare from C$18.00 to C$22.00 in a report on Thursday, November 13th. Finally, Cibc World Mkts upgraded Extendicare to a “strong-buy” rating in a research note on Monday, September 22nd.

Extendicare Trading Up 2.0%

TSE EXE opened at C$20.66 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02. Extendicare has a 52 week low of C$9.69 and a 52 week high of C$21.05. The business has a 50 day moving average price of C$16.00 and a 200-day moving average price of C$14.42. The company has a market cap of C$1.73 billion, a price-to-earnings ratio of 19.49 and a beta of 0.90.

Extendicare Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued a $0.042 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, October 31st. Extendicare’s dividend payout ratio (DPR) is currently 46.60%.

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.