Extendicare (TSE:EXE) Upgraded to Hold at BMO Capital Markets

BMO Capital Markets upgraded shares of Extendicare (TSE:EXE) to a hold rating in a report released on Tuesday,Zacks.com reports.

EXE has been the topic of several other reports. TD Securities lifted their target price on Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a research report on Thursday, November 14th. Royal Bank of Canada boosted their price objective on Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a research note on Thursday, November 28th.

Extendicare Trading Down 0.2 %

Shares of TSE:EXE opened at C$10.35 on Tuesday. The stock’s 50-day simple moving average is C$10.36 and its two-hundred day simple moving average is C$9.18. The stock has a market capitalization of C$863.91 million, a price-to-earnings ratio of 15.22 and a beta of 1.26. Extendicare has a 52-week low of C$6.63 and a 52-week high of C$10.89. The company has a debt-to-equity ratio of 305.80, a quick ratio of 0.98 and a current ratio of 0.60.

Extendicare (TSE:EXE) last announced its earnings results on Tuesday, November 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. During the same quarter last year, the business earned $0.13 earnings per share. Analysts expect that Extendicare will post 0.6134729 EPS for the current year.

Extendicare Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, January 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.64%. Extendicare’s dividend payout ratio is presently 70.59%.

Extendicare Company Profile

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.