Extendicare (TSE:EXE) Rating Lowered to Hold at Echelon Wealth Partners

Extendicare (TSE:EXE) was downgraded by stock analysts at Echelon Wealth Partners from a “buy” rating to a “hold” rating in a research report issued on Monday, Zacks.com reports.

EXE has been the subject of several other research reports. Royal Bank of Canada boosted their price objective on Extendicare from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. National Bank Financial boosted their price objective on Extendicare from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Extendicare has a consensus rating of “Hold” and an average price target of C$9.00.

EXE traded up C$0.01 on Monday, reaching C$8.50. 66,729 shares of the stock were exchanged, compared to its average volume of 209,609. The company’s 50-day moving average price is C$8.97 and its 200 day moving average price is C$8.55. Extendicare has a fifty-two week low of C$5.95 and a fifty-two week high of C$9.60. The company has a debt-to-equity ratio of 483.66, a current ratio of 0.76 and a quick ratio of 0.68. The firm has a market capitalization of $757.94 million and a PE ratio of 28.75.

Extendicare (TSE:EXE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.07 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.16 by C($0.09). The business had revenue of C$284.05 million during the quarter, compared to the consensus estimate of C$280.60 million. As a group, equities analysts forecast that Extendicare will post 0.26 earnings per share for the current fiscal year.

About Extendicare

Extendicare Inc provides care and services for seniors in Canada. The company offers long term care services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management and consulting services to third-party owners.

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Analyst Recommendations for Extendicare (TSE:EXE)

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