Extendicare (TSE:EXE) Reaches New 12-Month High – What’s Next?

Extendicare Inc. (TSE:EXE)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$13.13 and last traded at C$13.08, with a volume of 67465 shares. The stock had previously closed at C$13.04.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Securities raised their target price on Extendicare from C$10.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, March 3rd. Royal Bank of Canada upped their target price on shares of Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a report on Thursday, November 28th. Cormark upgraded shares of Extendicare to a “moderate buy” rating in a research note on Wednesday, February 19th. Finally, BMO Capital Markets upped their price objective on shares of Extendicare from C$11.00 to C$13.50 in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Extendicare has a consensus rating of “Hold” and a consensus price target of C$11.50.

Extendicare Price Performance

The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02. The stock has a fifty day simple moving average of C$10.94 and a two-hundred day simple moving average of C$9.92. The company has a market cap of C$1.09 billion, a PE ratio of 16.65 and a beta of 1.26.

Extendicare Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a $0.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.68%. Extendicare’s dividend payout ratio (DPR) is presently 61.20%.

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.