Desjardins Cuts Extendicare (TSE:EXE) Price Target to C$39.00

Extendicare (TSE:EXE – Free Report) had its price objective cut by Desjardins from C$40.00 to C$39.00 in a research note released on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

EXE has been the subject of a number of other research reports. BMO Capital Markets boosted their price target on Extendicare from C$30.00 to C$38.00 in a research note on Wednesday, May 13th. Canaccord Genuity Group upgraded shares of Extendicare to a “strong-buy” rating in a research note on Monday, May 11th. National Bank Financial raised their target price on shares of Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Finally, TD raised their target price on shares of Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat.com, Extendicare currently has a consensus rating of “Buy” and a consensus target price of C$35.44.

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Extendicare Trading Up 1.2%

Shares of TSE:EXE opened at C$32.08 on Monday. The business’s 50 day simple moving average is C$35.30 and its 200 day simple moving average is C$30.45. Extendicare has a 1 year low of C$12.64 and a 1 year high of C$39.14. The company has a debt-to-equity ratio of 82.55, a current ratio of 1.44 and a quick ratio of 0.98. The company has a market capitalization of C$3.05 billion, a P/E ratio of 24.56 and a beta of 1.59.

Extendicare (TSE:EXE – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. The firm had revenue of C$611.04 million during the quarter. Extendicare had a return on equity of 45.35% and a net margin of 6.99%. On average, research analysts anticipate that Extendicare will post 0.6134729 EPS for the current fiscal year.

Extendicare Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be issued a $0.0441 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Extendicare’s dividend payout ratio (DPR) is currently 39.23%.

About Extendicare

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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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