Extendicare (TSE:EXE) Stock Gets Price Target Cut from National Bank Financial

Extendicare (TSE:EXE) had its price target decreased by National Bank Financial from C$45.00 to C$40.00 in a research note released on Wednesday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Several other equities analysts have also commented on the stock. Royal Bank Of Canada upped their price target on shares of Extendicare from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Desjardins cut their price objective on shares of Extendicare from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, Canaccord Genuity Group lifted their price objective on shares of Extendicare from C$37.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$37.00.

Extendicare Trading Up 0.0%

TSE EXE opened at C$27.73 on Wednesday. The company has a debt-to-equity ratio of 159.54, a quick ratio of 0.98 and a current ratio of 0.75. Extendicare has a one year low of C$15.64 and a one year high of C$39.14. The company has a 50-day simple moving average of C$29.75 and a 200-day simple moving average of C$32.08. The firm has a market capitalization of C$2.64 billion, a PE ratio of 21.23 and a beta of 1.39.

Extendicare (TSE:EXE) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$611.04 million for the quarter. Extendicare had a net margin of 6.13% and a return on equity of 36.33%. On average, equities analysts forecast that Extendicare will post 0.61 earnings per share for the current year.

Extendicare Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be issued a $0.0441 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, October 30th. Extendicare’s dividend payout ratio is 39.23%.

About Extendicare

Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of the growing seniors’ population, inspired by our mission to provide people with the care they need, wherever they call home. We deliver more than 27 million hours of home health care services annually, operate a network of 97 long-term care homes (58 owned, 39 under management contracts), and provide group purchasing services to third parties representing approximately 161,700 beds across Canada.