National Bank Financial Boosts Extendicare (TSE:EXE) Price Target to C$34.00

Extendicare (TSE:EXE) had its target price upped by stock analysts at National Bank Financial from C$32.00 to C$34.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 6.35% from the stock’s previous close.

Other analysts have also issued reports about the stock. BMO Capital Markets upped their price target on shares of Extendicare from C$24.00 to C$30.00 in a research note on Monday, March 2nd. TD Securities raised shares of Extendicare from a “hold” rating to a “buy” rating and increased their target price for the company from C$19.00 to C$32.00 in a research note on Monday, April 6th. Desjardins set a C$34.50 target price on shares of Extendicare and gave the company a “buy” rating in a research note on Wednesday, April 22nd. TD increased their target price on shares of Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Extendicare from C$22.00 to C$32.00 in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$31.00.

Extendicare Stock Performance

EXE stock traded up C$0.16 on Tuesday, reaching C$31.97. The company’s stock had a trading volume of 141,448 shares, compared to its average volume of 318,615. Extendicare has a 52 week low of C$12.12 and a 52 week high of C$35.62. The company has a market capitalization of C$3.03 billion, a P/E ratio of 23.52 and a beta of 1.27. The firm has a fifty day moving average of C$27.94 and a two-hundred day moving average of C$23.65. The company has a debt-to-equity ratio of 82.55, a current ratio of 1.44 and a quick ratio of 0.98.

Extendicare (TSE:EXE) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. Extendicare had a return on equity of 45.35% and a net margin of 6.99%.The business had revenue of C$465.22 million during the quarter. As a group, analysts predict that Extendicare will post 0.6134729 EPS for the current fiscal year.

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.