Extendicare Inc. (TSE:EXE) Given Average Rating of “Buy” by Brokerages

Shares of Extendicare Inc. (TSE:EXE) have received a consensus recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$32.56.

Several brokerages recently commented on EXE. 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. National Bank Financial increased their price objective on shares of Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Canaccord Genuity Group upgraded shares of Extendicare to a “strong-buy” rating in a research report on Monday, May 11th. BMO Capital Markets boosted their target price on shares of Extendicare from C$30.00 to C$38.00 in a research note on Wednesday, May 13th. Finally, TD Securities upgraded shares of Extendicare from a “hold” rating to a “buy” rating and upped their price target for the stock from C$19.00 to C$32.00 in a research report on Monday, April 6th.

Extendicare Price Performance

Shares of EXE opened at C$37.36 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 82.55. Extendicare has a 12 month low of C$12.12 and a 12 month high of C$37.49. The stock’s 50 day moving average is C$32.88 and its two-hundred day moving average is C$27.62. The firm has a market cap of C$3.54 billion, a P/E ratio of 27.49 and a beta of 1.57.

Extendicare (TSE:EXE) last announced its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. Extendicare had a return on equity of 45.35% and a net margin of 6.99%.The business had revenue of C$465.22 million during the quarter. Analysts predict that Extendicare will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a dividend of $0.0441 per share. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 29th. Extendicare’s payout ratio is 37.24%.

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.