Extendicare Inc. (TSE:EXE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Extendicare Inc. (TSE:EXE) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$14.15.

A number of research analysts recently commented on EXE shares. TD Securities upped their price target on shares of Extendicare from C$13.00 to C$15.00 and gave the company a “hold” rating in a research note on Thursday, May 22nd. National Bank Financial upgraded shares of Extendicare to a “strong-buy” rating in a research note on Wednesday, July 16th. Finally, National Bankshares upped their price target on shares of Extendicare from C$15.45 to C$16.10 and gave the company an “outperform” rating in a research note on Friday, August 8th.

Extendicare Stock Up 0.9%

Shares of EXE stock opened at C$13.28 on Friday. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. The firm’s 50-day moving average is C$13.01 and its 200-day moving average is C$13.40. The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 13.76 and a beta of 0.85. Extendicare has a 52-week low of C$8.96 and a 52-week high of C$15.24.

Extendicare Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.3%. Extendicare’s dividend payout ratio (DPR) is currently 50.57%.

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.