Extendicare Inc. (TSE:EXE) Given Average Recommendation of “Buy” by Brokerages

Shares of Extendicare Inc. (TSE:EXE) have been given an average rating of “Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$32.56.

Several research firms have recently weighed in on EXE. Canaccord Genuity Group raised shares of Extendicare to a “strong-buy” rating in a research note on Monday, May 11th. National Bank Financial upped their price objective 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. Desjardins set a C$34.50 price objective on shares of Extendicare and gave the company a “buy” rating in a report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce raised their target price on shares of Extendicare from C$22.00 to C$32.00 in a research note on Thursday, April 2nd. Finally, BMO Capital Markets boosted their target price on Extendicare from C$30.00 to C$38.00 in a report on Wednesday, May 13th.

Extendicare Stock Performance

Shares of EXE stock opened at C$37.36 on Monday. The stock’s fifty day moving average is C$32.88 and its two-hundred day moving average is C$27.62. 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 firm has a market capitalization of C$3.54 billion, a P/E ratio of 27.49 and a beta of 1.57. Extendicare has a fifty-two week low of C$12.12 and a fifty-two week high of C$37.49.

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

Extendicare Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.0441 dividend. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 29th. Extendicare’s dividend payout ratio (DPR) is currently 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.