Extendicare (TSE:EXE) Price Target Raised to C$9.00

Extendicare (TSE:EXE) had its target price upped by TD Securities from C$8.00 to C$9.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Separately, Royal Bank of Canada raised their price objective on shares of Extendicare from C$8.00 to C$8.50 and gave the company a sector perform rating in a research report on Tuesday, May 21st.

Extendicare Price Performance

TSE EXE opened at C$8.19 on Wednesday. The business’s fifty day moving average is C$7.49 and its 200 day moving average is C$7.37. Extendicare has a fifty-two week low of C$5.75 and a fifty-two week high of C$8.40. The company has a debt-to-equity ratio of 365.69, a quick ratio of 0.98 and a current ratio of 0.82. The company has a market capitalization of C$682.88 million, a PE ratio of 19.98 and a beta of 1.26.

Extendicare (TSE:EXE) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.29 earnings per share for the quarter. The firm had revenue of C$348.48 million for the quarter, compared to analysts’ expectations of C$360.20 million. Extendicare had a return on equity of 37.03% and a net margin of 2.63%. Sell-side analysts predict that Extendicare will post 0.4699088 earnings per share for the current year.

Extendicare Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.04 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 5.86%. Extendicare’s payout ratio is 117.07%.

Extendicare Company Profile

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.