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

Extendicare Inc. (TSE:EXE) has received a consensus rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$31.89.

Several equities research analysts have recently issued reports on EXE shares. National Bank Financial raised their price target on shares of Extendicare from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce raised their price target on shares of Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. Canaccord Genuity Group raised shares of Extendicare to a “strong-buy” rating in a report on Monday, May 11th. TD increased their price objective 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, May 11th. Finally, TD Securities upgraded shares of Extendicare from a “hold” rating to a “buy” rating and increased their price objective for the company from C$19.00 to C$32.00 in a research note on Monday, April 6th.

Extendicare Stock Performance

Shares of EXE opened at C$33.32 on Friday. The company has a debt-to-equity ratio of 82.55, a quick ratio of 0.98 and a current ratio of 1.44. The company has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 24.52 and a beta of 1.27. The company’s 50 day simple moving average is C$28.45 and its 200 day simple moving average is C$24.07. Extendicare has a 1 year low of C$12.12 and a 1 year high of C$35.62.

Extendicare (TSE:EXE) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. The company had revenue of C$465.22 million for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. On average, sell-side analysts predict that Extendicare will post 0.6134729 EPS for the current year.

Extendicare Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0441 per share. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 29th. Extendicare’s dividend payout ratio is 37.24%.

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.