Extendicare (TSE:EXE) Hits New 52-Week High – What’s Next?

Extendicare Inc. (TSE:EXEGet Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$35.86 and last traded at C$34.24, with a volume of 404201 shares traded. The stock had previously closed at C$33.80.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXE. Desjardins set a C$34.50 target price on shares of Extendicare and gave the company a “buy” rating in a research note on Wednesday, April 22nd. TD upped their price target on Extendicare from C$32.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Canaccord Genuity Group upgraded Extendicare to a “strong-buy” rating in a report on Monday, May 11th. National Bank Financial raised their price objective on Extendicare from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Extendicare from C$22.00 to C$32.00 in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat.com, Extendicare currently has an average rating of “Buy” and a consensus price target of C$32.56.

Check Out Our Latest Research Report on EXE

Extendicare Stock Up 1.1%

The company’s 50-day moving average is C$31.54 and its 200 day moving average is C$26.60. The stock has a market capitalization of C$3.24 billion, a PE ratio of 25.14 and a beta of 1.57. 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 earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. The company had revenue of C$465.22 million for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. As a group, analysts anticipate that Extendicare Inc. will post 0.6134729 EPS for the current year.

Extendicare Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a $0.0441 dividend. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 29th. Extendicare’s dividend payout ratio is presently 37.24%.

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.

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