Extendicare (TSE:EXE) Sets New 1-Year High – Should You Buy?

Extendicare Inc. (TSE:EXEGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$16.44 and last traded at C$16.40, with a volume of 34529 shares trading hands. The stock had previously closed at C$16.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EXE shares. CIBC set a C$18.00 price objective on Extendicare and gave the company an “outperform” rating in a report on Monday, September 22nd. National Bank Financial raised shares of Extendicare to a “strong-buy” rating in a research note on Wednesday, July 16th. Cibc World Mkts raised Extendicare to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, National Bankshares upped their target price on shares of Extendicare from C$16.10 to C$17.50 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$15.20.

Read Our Latest Report on Extendicare

Extendicare Stock Down 1.6%

The firm has a fifty day moving average of C$14.67 and a 200-day moving average of C$14.00. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02. The firm has a market cap of C$1.36 billion, a P/E ratio of 16.76 and a beta of 0.90.

Extendicare Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be paid a $0.042 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 3.1%. Extendicare’s dividend payout ratio (DPR) is currently 50.57%.

About Extendicare

(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.

Further Reading

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