Brokerages Set Extendicare Inc. (TSE:EXE) Price Target at C$37.00

Extendicare Inc. (TSE:EXE) has earned a consensus rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$37.00.

EXE has been the subject of several research reports. Desjardins dropped their target price on Extendicare from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Monday, August 10th. TD upped their price objective on Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada raised their price objective on shares of Extendicare from C$38.00 to C$39.00 and gave the company an “outperform” rating in a report on Friday, August 14th. BMO Capital Markets lifted their target price on shares of Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. Finally, National Bank Financial boosted their target price on shares of Extendicare from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th.

Extendicare Stock Down 0.8%

Shares of TSE:EXE opened at C$30.58 on Tuesday. Extendicare has a 52-week low of C$12.64 and a 52-week high of C$39.14. The company has a market capitalization of C$2.91 billion, a PE ratio of 23.42 and a beta of 1.59. The company has a debt-to-equity ratio of 159.54, a quick ratio of 0.98 and a current ratio of 0.75. The company has a fifty day moving average of C$34.84 and a 200-day moving average of C$31.17.

Extendicare (TSE:EXE) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. The company had revenue of C$611.04 million for the quarter. Extendicare had a return on equity of 36.33% and a net margin of 6.13%. On average, equities analysts predict that Extendicare will post 0.6134729 EPS for the current fiscal year.

Extendicare Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a dividend of $0.0441 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, July 31st. Extendicare’s payout ratio is 39.23%.

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.