TD Securities Raises Extendicare (EXE) Price Target to C$8.50

Extendicare (TSE:EXE) had its target price raised by TD Securities from C$8.00 to C$8.50 in a research report released on Thursday, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities analysts have also commented on the stock. Echelon Wealth Partners lowered shares of Extendicare from a buy rating to a hold rating in a report on Monday, March 4th. Laurentian set a C$10.00 price objective on shares of Extendicare and gave the stock a buy rating in a report on Tuesday, April 16th. Finally, CIBC boosted their price objective on shares of Extendicare from C$8.25 to C$8.50 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of C$8.40.

EXE stock traded up C$0.01 during trading on Thursday, reaching C$8.08. The stock had a trading volume of 98,365 shares, compared to its average volume of 262,529. Extendicare has a 1-year low of C$5.95 and a 1-year high of C$8.71. The company has a debt-to-equity ratio of 420.26, a current ratio of 0.69 and a quick ratio of 0.61. The firm has a market capitalization of $707.92 million and a P/E ratio of 22.60.

Extendicare (TSE:EXE) last issued its quarterly earnings data on Thursday, February 28th. The company reported C($0.09) EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.24). The business had revenue of C$288.79 million for the quarter. On average, sell-side analysts anticipate that Extendicare will post 0.280000005551425 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.94%. Extendicare’s dividend payout ratio (DPR) is presently 134.08%.

Extendicare Company Profile

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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