Analysts Set Extendicare Inc. (EXE.TO) (TSE:EXE) PT at C$6.63

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Extendicare Inc. (EXE.TO) (TSE:EXE) has been assigned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$6.63.

EXE has been the topic of several recent research reports. CIBC boosted their price objective on shares of Extendicare Inc. (EXE.TO) from C$7.00 to C$7.25 in a research note on Monday, November 16th. National Bank Financial boosted their price target on shares of Extendicare Inc. (EXE.TO) to C$7.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 1st.

Shares of EXE opened at C$6.64 on Wednesday. The firm has a fifty day moving average price of C$6.59 and a 200 day moving average price of C$5.83. The stock has a market cap of C$594.54 million and a PE 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 debt-to-equity ratio of 477.74, a current ratio of 1.12 and a quick ratio of 1.00.

Extendicare Inc. (EXE.TO) (TSE:EXE) last announced its earnings results on Thursday, November 12th. The company reported C$0.36 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of C$273.40 million. As a group, equities analysts expect that Extendicare Inc. will post 0.32 EPS for the current fiscal year.

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

About Extendicare Inc. (EXE.TO)

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 Inc. (EXE.TO) (TSE:EXE)

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