National Bank Financial Upgrades Extendicare (TSE:EXE) to "Strong-Buy"

National Bank Financial upgraded shares of Extendicare (TSE:EXE - Free Report) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. TD Securities upped their price objective on Extendicare from C$13.00 to C$15.00 and gave the company a "hold" rating in a research note on Thursday, May 22nd. National Bankshares set a C$15.40 price objective on Extendicare and gave the company an "outperform" rating in a research note on Thursday. Finally, BMO Capital Markets increased their price target on Extendicare from C$13.50 to C$14.50 in a research report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$13.98.

Extendicare Price Performance

Shares of EXE stock traded down C$0.32 during trading hours on Wednesday, hitting C$12.91. The company had a trading volume of 208,903 shares, compared to its average volume of 185,060. Extendicare has a 12 month low of C$7.34 and a 12 month high of C$15.24. The firm has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 16.46 and a beta of 1.26. The firm's fifty day moving average is C$14.03 and its 200 day moving average is C$12.76. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62.

Extendicare Announces Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a yield of 3.81%. Extendicare's dividend payout ratio (DPR) is presently 61.20%.

Extendicare Company Profile

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.