Desjardins Analysts Give Extendicare (TSE:EXE) a C$34.50 Price Target
by Scott Moore · The Cerbat GemDesjardins set a C$34.50 target price on Extendicare (TSE:EXE – Free Report) in a report released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.
EXE has been the topic of a number of other research reports. National Bank Financial boosted their target price on Extendicare from C$24.50 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. TD Securities raised Extendicare from a “hold” rating to a “buy” rating and boosted their target price for the company from C$19.00 to C$32.00 in a research report on Monday, April 6th. Canadian Imperial Bank of Commerce boosted their target price on Extendicare from C$22.00 to C$32.00 in a research report on Thursday, April 2nd. Finally, BMO Capital Markets boosted their target price on Extendicare from C$24.00 to C$30.00 in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat, Extendicare currently has an average rating of “Buy” and an average target price of C$29.38.
Read Our Latest Report on Extendicare
Extendicare Trading Up 3.1%
EXE opened at C$29.61 on Wednesday. Extendicare has a one year low of C$12.12 and a one year high of C$29.99. The stock has a market capitalization of C$2.80 billion, a PE ratio of 26.60 and a beta of 1.18. The business’s 50 day moving average price is C$26.88 and its 200 day moving average price is C$22.54. The company has a debt-to-equity ratio of 91.85, a quick ratio of 0.98 and a current ratio of 1.37.
Extendicare (TSE:EXE – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.29 EPS for the quarter. The firm had revenue of C$462.03 million for the quarter. Extendicare had a return on equity of 47.65% and a net margin of 5.82%. As a group, equities research analysts expect that Extendicare will post 0.6134729 EPS for the current year.
Extendicare Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be given a $0.0441 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 1.8%. Extendicare’s payout ratio is presently 44.92%.
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.