Extendicare Inc. (EXE.TO) (TSE:EXE) Receives C$6.63 Average PT from Brokerages

Extendicare Inc. (EXE.TO) (TSE:EXE) has received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$6.63.

Several equities analysts recently commented on the stock. National Bank Financial increased their target price on shares of Extendicare Inc. (EXE.TO) to C$7.00 and gave the company a “sector perform” rating in a report on Tuesday, December 1st. CIBC upped their price target on shares of Extendicare Inc. (EXE.TO) from C$7.00 to C$7.25 in a research report on Monday, November 16th.

Shares of TSE EXE opened at C$6.64 on Wednesday. The stock’s 50-day moving average is C$6.59 and its 200 day moving average is C$5.83. The stock has a market cap of C$594.54 million and a price-to-earnings ratio of 12.87. Extendicare Inc. has a 1-year low of C$4.90 and a 1-year high of C$8.85. The company has a current ratio of 1.12, a quick ratio of 1.00 and a debt-to-equity ratio of 477.74.

Extendicare Inc. (EXE.TO) (TSE:EXE) last issued its quarterly earnings results on Thursday, November 12th. The company reported C$0.36 EPS for the quarter, beating analysts’ consensus estimates of C$0.16 by C$0.20. The business had revenue of C$296.79 million for the quarter, compared to the consensus estimate of C$273.40 million. On average, analysts forecast that Extendicare Inc. will post 0.32 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which was paid on Tuesday, December 15th. Investors of record on Monday, November 30th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 7.23%. Extendicare Inc. (EXE.TO)’s dividend payout ratio is currently 93.02%.

Extendicare Inc. (EXE.TO) Company Profile

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.

Further Reading: Producer Price Index (PPI)

Analyst Recommendations for Extendicare Inc. (EXE.TO) (TSE:EXE)

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