Extendicare (TSE:EXE) Sets New 1-Year High – Here’s What Happened

Extendicare Inc. (TSE:EXE) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$27.83 and last traded at C$27.83, with a volume of 67245 shares traded. The stock had previously closed at C$26.78.

Analyst Ratings Changes

Several equities research analysts have recently commented on EXE shares. Royal Bank Of Canada raised Extendicare from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$15.00 to C$25.00 in a report on Thursday, December 4th. BMO Capital Markets boosted their target price on shares of Extendicare from C$24.00 to C$30.00 in a report on Monday, March 2nd. Cormark upped their price target on shares of Extendicare from C$25.00 to C$30.00 in a research report on Wednesday, December 3rd. Canaccord Genuity Group increased their price target on shares of Extendicare from C$20.00 to C$22.50 in a research note on Thursday, December 4th. Finally, National Bank Financial lifted their price objective on shares of Extendicare from C$24.50 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$25.36.

Extendicare Stock Performance

The company has a debt-to-equity ratio of 91.85, a current ratio of 1.37 and a quick ratio of 0.98. The stock’s 50-day simple moving average is C$25.11 and its 200 day simple moving average is C$20.87. The stock has a market capitalization of C$2.59 billion, a P/E ratio of 24.65 and a beta of 1.30.

Extendicare (TSE:EXE) last released its quarterly earnings results on Thursday, February 26th. The company reported C$0.29 earnings per share for the quarter. Extendicare had a net margin of 5.82% and a return on equity of 47.65%. The firm had revenue of C$462.03 million for the quarter. Research analysts expect that Extendicare Inc. 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.