Extendicare (TSE:EXE) Sets New 1-Year High – What’s Next?

Extendicare Inc. (TSE:EXE)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$11.35 and last traded at C$11.31, with a volume of 84376 shares. The stock had previously closed at C$11.12.

Analyst Upgrades and Downgrades

EXE has been the topic of a number of research analyst reports. BMO Capital Markets set a C$11.00 price objective on Extendicare and gave the company a “market perform” rating in a research note on Thursday, January 30th. Royal Bank of Canada raised their target price on shares of Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a research note on Thursday, November 28th. TD Securities lifted their price target on shares of Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Finally, Cormark upgraded shares of Extendicare to a “moderate buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Extendicare currently has a consensus rating of “Hold” and an average target price of C$10.25.

Extendicare Trading Down 0.4 %

The firm has a 50-day moving average price of C$10.50 and a 200-day moving average price of C$9.59. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. The stock has a market cap of C$962.37 million, a PE ratio of 14.70 and a beta of 1.26.

Extendicare Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Friday, February 28th. Extendicare’s dividend payout ratio (DPR) is 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.