Extendicare (TSE:EXE) Price Target Raised to C$38.00

Extendicare (TSE:EXE) had its price objective hoisted by BMO Capital Markets from C$30.00 to C$38.00 in a research note published on Wednesday morning,BayStreet.CA reports.

Other analysts also recently issued reports about the stock. National Bank Financial upped their price objective on shares of Extendicare from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday. Canadian Imperial Bank of Commerce increased their price target on shares of Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. 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 report on Monday, May 11th. TD Securities raised shares of Extendicare from a “hold” rating to a “buy” rating and increased their price target for the stock from C$19.00 to C$32.00 in a report on Monday, April 6th. Finally, Desjardins set a C$34.50 price target on shares of Extendicare and gave the stock a “buy” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Extendicare currently has an average rating of “Buy” and a consensus target price of C$31.89.

Extendicare Stock Up 0.6%

EXE stock opened at C$33.32 on Wednesday. The firm’s fifty day simple moving average is C$28.45 and its 200-day simple moving average is C$24.07. The company has a market capitalization of C$3.16 billion, a P/E ratio of 24.52 and a beta of 1.27. The company has a debt-to-equity ratio of 82.55, a current ratio of 1.44 and a quick ratio of 0.98. Extendicare has a 12 month low of C$12.12 and a 12 month high of C$35.62.

Extendicare (TSE:EXE) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 EPS for the quarter. The business had revenue of C$465.22 million for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. As a group, equities research analysts forecast that Extendicare will post 0.6134729 earnings per share for the current year.

Extendicare Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0441 per share. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Extendicare’s dividend payout ratio (DPR) is presently 37.24%.

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.