Extendicare (TSE:EXE) Upgraded to "Moderate Buy" at Cormark

Cormark upgraded shares of Extendicare (TSE:EXE - Free Report) to a moderate buy rating in a research note published on Wednesday morning,Zacks.com reports. Cormark also issued estimates for Extendicare's FY2024 earnings at $0.79 EPS, FY2025 earnings at $0.74 EPS, FY2026 earnings at $0.87 EPS and FY2027 earnings at $0.95 EPS.

A number of other brokerages have also recently commented on EXE. TD Securities raised 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 Extendicare from C$9.50 to C$11.00 and gave the company a "sector perform" rating in a report on Thursday, November 28th. Finally, BMO Capital Markets set a C$11.00 target price on Extendicare and gave the company a "market perform" rating in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$10.25.

Extendicare Trading Down 0.7 %

Shares of TSE:EXE traded down C$0.08 during midday trading on Wednesday, reaching C$11.45. 314,009 shares of the company's stock were exchanged, compared to its average volume of 150,129. The firm's 50 day simple moving average is C$10.53 and its two-hundred day simple moving average is C$9.60. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98. The stock has a market cap of C$955.70 million, a price-to-earnings ratio of 14.60 and a beta of 1.26. Extendicare has a fifty-two week low of C$6.63 and a fifty-two week high of C$11.71.

Extendicare Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, February 28th. Extendicare's dividend payout ratio (DPR) is 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.