Extendicare (TSE:EXE) had its target price cut by CIBC from C$8.00 to C$7.00 in a research report released on Thursday, BayStreet.CA reports.

EXE has been the subject of several other research reports. Royal Bank of Canada dropped their price objective on shares of Extendicare from C$7.75 to C$7.50 and set a sector perform rating for the company in a research report on Friday, May 22nd. National Bank Financial lowered their target price on shares of Extendicare from C$7.00 to C$6.00 and set a sector perform rating for the company in a report on Tuesday, May 19th. Laurentian Bank of Canada lowered shares of Extendicare from a buy rating to a hold rating and lowered their target price for the stock from C$10.00 to C$8.00 in a report on Tuesday, May 19th. TD Securities lowered their target price on shares of Extendicare from C$7.00 to C$6.50 and set a hold rating for the company in a report on Tuesday, May 19th. Finally, Laurentian lowered shares of Extendicare from a buy rating to a hold rating and lowered their target price for the stock from C$10.00 to C$8.00 in a report on Tuesday, May 19th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Extendicare currently has an average rating of Hold and a consensus target price of C$7.17.

EXE stock opened at C$5.62 on Thursday. The company has a debt-to-equity ratio of 496.11, a current ratio of 0.72 and a quick ratio of 0.65. The company has a 50 day moving average price of C$5.69 and a 200 day moving average price of C$6.71. Extendicare has a fifty-two week low of C$4.90 and a fifty-two week high of C$9.60. The stock has a market capitalization of $503.05 million and a PE ratio of 15.97.

Extendicare (TSE:EXE) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.08). The company had revenue of C$271.82 million for the quarter, compared to analysts’ expectations of C$260.40 million. As a group, equities analysts expect that Extendicare will post 0.36 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.54%. The ex-dividend date is Thursday, July 30th. Extendicare’s dividend payout ratio (DPR) is 136.36%.

About Extendicare

Extendicare Inc provides care and services for seniors in Canada. The company offers long term care services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management and consulting services to third-party owners.

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Analyst Recommendations for Extendicare (TSE:EXE)

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