Analysts Set Extendicare Inc. (TSE:EXE) Price Target at C$32.56

Shares of Extendicare Inc. (TSE:EXE) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$32.56.

Several equities analysts have recently issued reports on the company. National Bank Financial boosted 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. 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. TD Securities upgraded Extendicare from a “hold” rating to a “buy” rating and upped their target price for the stock from C$19.00 to C$32.00 in a research report on Monday, April 6th. Canadian Imperial Bank of Commerce upped their target price on Extendicare from C$22.00 to C$32.00 in a research report on Thursday, April 2nd. Finally, BMO Capital Markets upped their target price on Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th.

Extendicare Stock Performance

Shares of TSE EXE opened at C$32.99 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 82.55. The stock has a 50 day simple moving average of C$31.43 and a 200-day simple moving average of C$26.51. The company has a market cap of C$3.13 billion, a PE ratio of 24.28 and a beta of 1.57. Extendicare has a 12-month low of C$12.12 and a 12-month high of C$35.62.

Extendicare (TSE:EXE) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$465.22 million during the quarter. Extendicare had a return on equity of 45.35% and a net margin of 6.99%. On average, equities research analysts forecast that Extendicare 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. Shareholders of record on Monday, June 15th were given a $0.0441 dividend. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, May 29th. Extendicare’s dividend payout ratio is 37.24%.

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.