Extendicare Inc. (TSE:EXE) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Extendicare Inc. has received a consensus rating of "Moderate Buy" from analysts, with three holding, two buying, and two giving a strong buy rating.
• The average 1-year target price for Extendicare's stock among analysts is C$15.20, with National Bankshares increasing their target from C$16.10 to C$17.50.
• Extendicare announced a monthly dividend of $0.042 per share, which gives an annual yield of 3.1%, with the ex-dividend date set for October 31st.

Shares of Extendicare Inc. (TSE:EXE - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$15.20.

EXE has been the topic of several recent research reports. National Bankshares increased their price target on Extendicare from C$16.10 to C$17.50 and gave the company an "outperform" rating in a report on Wednesday, October 8th. CIBC set a C$18.00 target price on Extendicare and gave the stock an "outperform" rating in a research note on Monday, September 22nd. National Bank Financial upgraded Extendicare to a "strong-buy" rating in a research note on Wednesday, July 16th. Finally, Cibc World Mkts upgraded Extendicare to a "strong-buy" rating in a research note on Monday, September 22nd.

Extendicare Trading Up 0.9%

Shares of EXE stock opened at C$16.22 on Friday. The firm has a fifty day moving average price of C$14.07 and a 200-day moving average price of C$13.79. Extendicare has a 1 year low of C$8.96 and a 1 year high of C$16.39. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98. The company has a market cap of C$1.36 billion, a price-to-earnings ratio of 16.81 and a beta of 0.88.

Extendicare Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 17th will be issued a $0.042 dividend. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, October 31st. Extendicare's dividend payout ratio (DPR) is currently 50.57%.

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.

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