Extendicare (TSE:EXE) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Extendicare (TSE:EXE) to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other brokerages have also recently commented on EXE. TD Securities increased their price target on shares of Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a research report on Thursday, November 14th. Royal Bank of Canada boosted their price target 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.

Extendicare Stock Up 0.8 %

Shares of TSE:EXE opened at C$10.43 on Tuesday. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98. The stock has a market cap of C$870.59 million, a price-to-earnings ratio of 15.34 and a beta of 1.26. The company has a 50 day moving average of C$10.36 and a 200-day moving average of C$9.20. Extendicare has a one year low of C$6.63 and a one year high of C$10.89.

Extendicare (TSE:EXE) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.19 earnings per share for the quarter. Extendicare had a return on equity of 60.00% and a net margin of 4.28%. During the same period in the prior year, the company posted $0.13 EPS. On average, sell-side analysts forecast that Extendicare will post 0.6134729 earnings per share for the current year.

Extendicare Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Friday, January 31st. Extendicare’s payout ratio is 70.59%.

About Extendicare

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.