Laurentian Bank of Canada cut shares of Extendicare (TSE:EXE) from a buy rating to a hold rating in a report issued on Tuesday, Stock Target Advisor reports. The brokerage currently has C$8.00 price target on the stock, down from their previous price target of C$10.00.
Other equities analysts have also recently issued reports about the stock. National Bank Financial lowered their price objective on shares of Extendicare from C$7.00 to C$6.00 and set a sector perform rating for the company in a research report on Tuesday. Laurentian cut shares of Extendicare from a buy rating to a hold rating and lowered their price objective for the stock from C$10.00 to C$8.00 in a research report on Tuesday. Royal Bank of Canada lowered their price objective on shares of Extendicare from C$8.75 to C$7.75 and set a sector perform rating for the company in a research report on Thursday, April 2nd. TD Securities lowered their price objective on shares of Extendicare from C$7.00 to C$6.50 and set a hold rating for the company in a research report on Tuesday. Finally, Echelon Wealth Partners upgraded shares of Extendicare from a hold rating to a buy rating in a research report on Monday, March 2nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of C$7.33.
Shares of Extendicare stock opened at C$5.89 on Tuesday. The company has a 50 day moving average of C$5.92 and a 200-day moving average of C$7.67. Extendicare has a 1-year low of C$4.90 and a 1-year high of C$9.60. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 482.62. The company has a market cap of $504.35 million and a PE ratio of 18.41.
Extendicare (TSE:EXE) last released its quarterly earnings data on Thursday, February 27th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.09). The company had revenue of C$290.90 million for the quarter, compared to analyst estimates of C$282.50 million. Research analysts forecast that Extendicare will post 0.34 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 8.15%. The ex-dividend date of this dividend is Thursday, May 28th. Extendicare’s dividend payout ratio (DPR) is currently 150.00%.
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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