BMO Capital Markets Increases Extendicare (TSE:EXE) Price Target to C$38.00

Extendicare (TSE:EXE) had its price target increased by investment analysts at BMO Capital Markets from C$30.00 to C$38.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 15.15% from the stock’s current price.

A number of other brokerages also recently 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 Securities raised shares of Extendicare from a “hold” rating to a “buy” rating and raised their target price for the company from C$19.00 to C$32.00 in a research note on Monday, April 6th. National Bank Financial raised their target price on shares of Extendicare from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce raised their target price on shares of Extendicare from C$22.00 to C$32.00 in a research note on Thursday, April 2nd. 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 research note on Monday. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$31.89.

Extendicare Stock Up 3.2%

Shares of TSE EXE traded up C$1.02 on Wednesday, reaching C$33.00. 138,305 shares of the company’s stock traded hands, compared to its average volume of 317,814. Extendicare has a 12 month low of C$12.12 and a 12 month high of C$35.62. The business’s 50 day simple moving average is C$28.05 and its two-hundred day simple moving average is C$23.76. The company has a market cap of C$3.13 billion, a price-to-earnings ratio of 24.28 and a beta of 1.27. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 82.55.

Extendicare (TSE:EXE) last announced its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. The business had revenue of C$465.22 million during the quarter. As a group, equities research analysts forecast that Extendicare will post 0.6134729 EPS for the current fiscal year.

About Extendicare

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.