Extendicare Inc. (TSE:EXE) Stock Has Consensus Price Target of C$37.00

Key Points

• Analysts remain bullish on Extendicare: All seven covering brokerages rate the stock “Buy,” with a consensus 12-month price target of C$37.00. Recent targets range from C$39.00 to C$44.00.
• Extendicare reported quarterly earnings of C$0.38 per share on revenue of C$611.04 million, while analysts expect full-year EPS of C$0.61.
• The company declared a monthly dividend of C$0.0441, equivalent to approximately C$0.53 annually and a 2.0% yield; its payout ratio is 39.23%.

Shares of Extendicare Inc. (TSE:EXE - Get Free Report) have received an average rating of "Buy" from the seven brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is C$37.00.

EXE has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on Extendicare from C$37.00 to C$44.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Desjardins reduced their target price on Extendicare from C$40.00 to C$39.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Finally, Royal Bank Of Canada increased their target price on Extendicare from C$38.00 to C$39.00 and gave the company an "outperform" rating in a research report on Friday, August 14th.

Extendicare Price Performance

TSE:EXE opened at C$26.65 on Wednesday. Extendicare has a 52 week low of C$14.50 and a 52 week high of C$39.14. The company has a quick ratio of 0.98, a current ratio of 0.75 and a debt-to-equity ratio of 159.54. The stock has a market capitalization of C$2.53 billion, a PE ratio of 20.41 and a beta of 1.39. The stock's 50-day moving average price is C$30.65 and its 200-day moving average price is C$32.09.

Extendicare (TSE:EXE - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.38 earnings per share for the quarter. The company had revenue of C$611.04 million during the quarter. Extendicare had a return on equity of 36.33% and a net margin of 6.13%. As a group, equities analysts expect that Extendicare will post 0.61 EPS for the current fiscal year.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a $0.0441 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.53 dividend on an annualized basis and a yield of 2.0%. Extendicare's dividend payout ratio (DPR) is currently 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.

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