National Bank Financial Boosts Extendicare (TSE:EXE) Price Target to C$34.00

Extendicare (TSE:EXE) had its price objective raised by National Bank Financial from C$32.00 to C$34.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 6.35% from the company’s current price.

A number of other equities analysts have also recently weighed in on EXE. Canadian Imperial Bank of Commerce upped their price objective on shares of Extendicare from C$22.00 to C$32.00 in a research report on Thursday, April 2nd. BMO Capital Markets upped their price objective on shares of Extendicare from C$24.00 to C$30.00 in a research report on Monday, March 2nd. 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. TD Securities raised shares of Extendicare from a “hold” rating to a “buy” rating and upped their price objective for the company from C$19.00 to C$32.00 in a research report on Monday, April 6th. Finally, TD increased their price target on shares of Extendicare from C$32.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, Extendicare presently has a consensus rating of “Buy” and an average price target of C$31.00.

Extendicare Stock Up 0.5%

Extendicare stock traded up C$0.16 during trading on Tuesday, reaching C$31.97. 141,448 shares of the company’s stock were exchanged, compared to its average volume of 318,615. The company’s 50-day moving average is C$27.94 and its two-hundred day moving average is C$23.65. The company has a debt-to-equity ratio of 82.55, a quick ratio of 0.98 and a current ratio of 1.44. Extendicare has a 52-week low of C$12.12 and a 52-week high of C$35.62. The firm has a market cap of C$3.03 billion, a price-to-earnings ratio of 23.52 and a beta of 1.27.

Extendicare (TSE:EXE) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share (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, analysts predict that Extendicare will post 0.6134729 earnings per share for the current year.

Extendicare Company Profile

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.