Extendicare Inc. (TSE:EXE) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Extendicare Inc. (TSE:EXE) have received an average recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$37.00.

EXE has been the subject of several research reports. Canaccord Genuity Group lifted their price target on Extendicare from C$37.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Desjardins decreased their price objective on Extendicare from C$40.00 to C$39.00 and set a “buy” rating on the stock in a report on Monday, August 10th. National Bank Financial lowered their price objective on Extendicare from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. Finally, Royal Bank Of Canada increased their price objective on Extendicare from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th.

Extendicare Stock Performance

Shares of TSE EXE opened at C$27.61 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.98 and a debt-to-equity ratio of 159.54. Extendicare has a 12 month low of C$15.80 and a 12 month high of C$39.14. The stock has a 50 day moving average of C$28.92 and a 200-day moving average of C$30.02. The company has a market capitalization of C$2.62 billion, a P/E ratio of 21.14 and a beta of 1.31.

Extendicare (TSE:EXE) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$0.41 earnings per share for the quarter. Extendicare had a return on equity of 36.33% and a net margin of 6.13%. The business had revenue of C$627.84 million for the quarter. As a group, equities research analysts predict that Extendicare will post 0.61 EPS for the current year.

Extendicare Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be paid a $0.0441 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.53 annualized dividend and a dividend yield of 1.9%. Extendicare’s dividend payout ratio is 39.23%.

About Extendicare

Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of the growing seniors’ population, inspired by our mission to provide people with the care they need, wherever they call home. We deliver more than 27 million hours of home health care services annually, operate a network of 97 long-term care homes (58 owned, 39 under management contracts), and provide group purchasing services to third parties representing approximately 161,700 beds across Canada.