Extendicare (TSE:EXE) Upgraded by Cormark to Moderate Buy Rating

Cormark upgraded shares of Extendicare (TSE:EXE) to a moderate buy rating in a research note released on Wednesday,Zacks.com reports.

EXE has been the subject of several other reports. TD Securities upped their target price on Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a report on Thursday, November 14th. Royal Bank of Canada raised their target price on shares of Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a report on Thursday, November 28th. Finally, BMO Capital Markets set a C$11.00 price target on shares of Extendicare and gave the company a “market perform” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Extendicare currently has a consensus rating of “Hold” and an average price target of C$10.25.

Extendicare Stock Performance

Shares of EXE opened at C$11.58 on Wednesday. Extendicare has a 12-month low of C$6.63 and a 12-month high of C$11.62. The stock has a market capitalization of C$966.55 million, a P/E ratio of 14.76 and a beta of 1.26. The firm’s 50 day moving average is C$10.47 and its 200-day moving average is C$9.56. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Friday, February 28th. Extendicare’s dividend payout ratio is currently 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.