Extendicare Inc. (TSE:EXE – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$26.60 and traded as high as C$33.92. Extendicare shares last traded at C$33.80, with a volume of 615,514 shares trading hands.
Wall Street Analysts Forecast Growth
EXE has been the topic of several analyst reports. TD boosted their price objective on shares of Extendicare from C$32.00 to C$39.00 and gave the stock a “buy” rating in a report on Monday, May 11th. BMO Capital Markets upped their price objective on shares of Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. National Bank Financial raised their target price on Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Desjardins set a C$34.50 target price on Extendicare and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, TD Securities upgraded Extendicare from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$19.00 to C$32.00 in a research note on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$32.56.
Read Our Latest Stock Analysis on EXE
Extendicare Price Performance
Extendicare (TSE:EXE – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. The firm had revenue of C$465.22 million for the quarter. On average, research analysts forecast that Extendicare Inc. will post 0.6134729 EPS for the current fiscal year.
Extendicare Announces Dividend
The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.0441 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, May 29th. Extendicare’s dividend payout ratio is 37.24%.
Extendicare Company Profile
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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