Extendicare Inc. (TSE:EXE) Receives Consensus Recommendation of “Buy” from Brokerages

Extendicare Inc. (TSE:EXEGet Free Report) has received an average rating of “Buy” from the eight research firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$31.89.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial boosted their price target on shares of Extendicare from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Canaccord Genuity Group upgraded shares of Extendicare to a “strong-buy” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce boosted their price target on shares of Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. TD Securities upgraded shares of Extendicare from a “hold” rating to a “buy” rating and boosted their price target for the company 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 company a “buy” rating in a report on Wednesday, April 22nd.

Get Our Latest Report on Extendicare

Extendicare Stock Up 0.6%

EXE stock opened at C$33.32 on Friday. Extendicare has a 52 week low of C$12.12 and a 52 week high of C$35.62. The company has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 24.52 and a beta of 1.27. The firm’s 50-day moving average is C$28.45 and its two-hundred day moving average is C$24.07. 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 (TSE:EXEGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 EPS for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. The company had revenue of C$465.22 million for the quarter. On average, analysts forecast that Extendicare will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Announces Dividend

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

Extendicare Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Extendicare (TSE:EXE)

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