Extendicare (TSE:EXE) Sets New 12-Month High – Time to Buy?

Shares of Extendicare Inc. (TSE:EXE) hit a new 52-week high during trading on Friday . The company traded as high as C$35.86 and last traded at C$34.24, with a volume of 404201 shares traded. The stock had previously closed at C$33.80.

Analyst Ratings Changes

Several analysts have recently weighed in on EXE shares. National Bank Financial lifted their price target on shares of Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Canadian Imperial Bank of Commerce raised their price objective on Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. Canaccord Genuity Group raised Extendicare to a “strong-buy” rating in a research report on Monday, May 11th. Desjardins set a C$34.50 target price on Extendicare and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, BMO Capital Markets increased their price target on Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, Extendicare presently has a consensus rating of “Buy” and a consensus target price of C$32.56.

Extendicare Stock Performance

The firm’s fifty day moving average price is C$31.54 and its 200 day moving average price is C$26.60. The firm has a market cap of C$3.24 billion, a P/E ratio of 25.14 and a beta of 1.57. The company has a debt-to-equity ratio of 82.55, a quick ratio of 0.98 and a current ratio of 1.44.

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

Extendicare Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.0441 dividend. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, May 29th. Extendicare’s payout ratio is 37.24%.

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.