Extendicare (TSE:EXE) Given New C$7.50 Price Target at National Bankshares

Extendicare (TSE:EXE – Get Rating) had its price objective lifted by National Bankshares from C$7.00 to C$7.50 in a report published on Tuesday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Separately, Royal Bank of Canada cut their price target on shares of Extendicare from C$7.50 to C$7.00 and set a sector perform rating on the stock in a report on Monday, March 6th.

Extendicare Stock Up 4.0 %

Shares of TSE EXE opened at C$7.00 on Tuesday. The company has a debt-to-equity ratio of 381.30, a current ratio of 0.94 and a quick ratio of 0.98. Extendicare has a one year low of C$6.02 and a one year high of C$7.69. The stock has a market capitalization of C$593.11 million, a P/E ratio of -140.00 and a beta of 1.20. The firm’s 50 day simple moving average is C$6.42 and its two-hundred day simple moving average is C$6.61.

Extendicare (TSE:EXE – Get Rating) last issued its earnings results on Thursday, March 2nd. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.13). Extendicare had a negative return on equity of 4.45% and a net margin of 5.69%. The firm had revenue of C$310.39 million during the quarter, compared to the consensus estimate of C$309.50 million. As a group, analysts expect that Extendicare will post 0.1762926 EPS for the current fiscal year.

Extendicare Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 6.86%. The ex-dividend date is Tuesday, May 30th. Extendicare’s dividend payout ratio is currently -960.00%.

About Extendicare

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Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as contract and consulting services to third parties.