Desjardins Issues Pessimistic Forecast for Extendicare (TSE:EXE) Stock Price

Extendicare (TSE:EXE) had its target price reduced by research analysts at Desjardins from C$40.00 to C$39.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 21.16% from the stock’s previous close.

EXE has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on shares of Extendicare from C$30.00 to C$38.00 in a report on Wednesday, May 13th. TD boosted their target price on shares of Extendicare from C$32.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Canaccord Genuity Group upgraded shares of Extendicare to a “strong-buy” rating in a research report on Monday, May 11th. Finally, National Bank Financial increased 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. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$35.44.

Extendicare Price Performance

EXE stock traded down C$0.25 during trading on Monday, hitting C$32.19. 363,614 shares of the stock traded hands, compared to its average volume of 388,127. Extendicare has a one year low of C$12.64 and a one year high of C$39.14. The stock has a market cap of C$3.05 billion, a price-to-earnings ratio of 23.69 and a beta of 1.59. The company has a 50 day simple moving average of C$35.24 and a 200 day simple moving average of C$30.25. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 82.55.

Extendicare (TSE:EXE) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. The firm had revenue of C$611.04 million for the quarter. Equities analysts expect that Extendicare will post 0.6134729 EPS for the current fiscal year.

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.