Extendicare Inc. (TSE:EXE) Given Consensus Rating of “Buy” by Analysts

Extendicare Inc. (TSE:EXE) has been given an average rating of “Buy” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$32.56.

A number of research firms have recently commented on EXE. TD increased their price target on shares of Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, May 11th. 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 report on Wednesday, May 27th. Canaccord Genuity Group upgraded shares of Extendicare to a “strong-buy” rating in a report on Monday, May 11th. Desjardins set a C$34.50 price objective on shares of Extendicare and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets increased their price objective on shares of Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th.

Extendicare Trading Up 1.2%

TSE:EXE opened at C$33.36 on Thursday. The company’s 50 day moving average price is C$30.86 and its 200-day moving average price is C$26.07. Extendicare has a 52 week low of C$12.12 and a 52 week high of C$35.62. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 82.55. The stock has a market cap of C$3.16 billion, a price-to-earnings ratio of 24.55 and a beta of 1.57.

Extendicare (TSE:EXE) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 EPS 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$465.22 million for the quarter. On average, equities research analysts forecast that Extendicare will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Dividend Announcement

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