Extendicare Inc. (TSE:EXE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Extendicare Inc. has received a consensus recommendation of "Moderate Buy" from five brokerages, with three holding, one buying, and one assigning a strong buy rating.
• The company's average 12-month price target is projected at C$14.15, with notable upgrades from various analysts, raising it to as high as C$16.10.
• Extendicare recently announced a quarterly dividend of $0.042 to be paid on September 15th, resulting in an annualized yield of 1.3% and a payout ratio of 61.20%.

Shares of Extendicare Inc. (TSE:EXE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$14.15.

Several analysts have commented on EXE shares. TD Securities raised their target price on shares of Extendicare from C$13.00 to C$15.00 and gave the stock a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets raised their target price on shares of Extendicare from C$13.50 to C$14.50 in a research note on Monday, May 12th. National Bankshares boosted their target price on shares of Extendicare from C$15.45 to C$16.10 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, National Bank Financial raised Extendicare to a "strong-buy" rating in a research note on Wednesday, July 16th.

Extendicare Trading Down 0.6%

Extendicare stock traded down C$0.08 during midday trading on Tuesday, hitting C$13.40. 12,007 shares of the stock were exchanged, compared to its average volume of 186,068. The company has a fifty day simple moving average of C$13.40 and a two-hundred day simple moving average of C$13.09. Extendicare has a 52 week low of C$8.17 and a 52 week high of C$15.24. The stock has a market capitalization of C$1.12 billion, a PE ratio of 17.09 and a beta of 1.26. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02.

Extendicare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.042 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.3%. Extendicare's payout ratio is 61.20%.

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.