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BMO Capital Markets Reiterates "C$11.00" Price Target for Extendicare (TSE:EXE)

Extendicare logo with Medical background

BMO Capital Markets set a C$11.00 price objective on Extendicare (TSE:EXE - Free Report) in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

EXE has been the subject of several other research reports. Royal Bank of Canada increased their price objective on Extendicare from C$9.50 to C$11.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 28th. TD Securities upped their price target on shares of Extendicare from C$9.50 to C$10.50 and gave the stock a "hold" rating in a research note on Thursday, November 14th.

Check Out Our Latest Research Report on Extendicare

Extendicare Stock Performance

Shares of Extendicare stock traded down C$0.09 on Thursday, reaching C$10.26. 209,353 shares of the stock were exchanged, compared to its average volume of 114,809. The firm has a market capitalization of C$856.40 million, a PE ratio of 15.09 and a beta of 1.26. Extendicare has a 1-year low of C$6.63 and a 1-year high of C$10.89. The business has a fifty day moving average price of C$10.36 and a two-hundred day moving average price of C$9.23. The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80.

Extendicare (TSE:EXE - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. Extendicare had a return on equity of 60.00% and a net margin of 4.28%. During the same quarter in the previous year, the business posted $0.13 EPS. As a group, research analysts anticipate that Extendicare will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 4.68%. The ex-dividend date is Friday, January 31st. Extendicare's dividend payout ratio (DPR) is 70.59%.

Extendicare Company Profile

(Get Free Report)

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.

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