Extendicare (TSE:EXE) Hits New 52-Week High at $9.22

Extendicare Inc. (TSE:EXE) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$9.22 and last traded at C$9.20, with a volume of 29683 shares traded. The stock had previously closed at C$9.12.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. TD Securities increased their price target on shares of Extendicare from C$9.00 to C$9.50 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Royal Bank of Canada increased their target price on shares of Extendicare from C$8.50 to C$9.50 in a report on Monday, August 19th.

Extendicare Price Performance

The firm’s 50 day moving average is C$7.90 and its 200 day moving average is C$7.55. The firm has a market cap of C$765.42 million, a P/E ratio of 13.35 and a beta of 1.26. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98.

Extendicare (TSE:EXE) last released its earnings results on Monday, August 12th. The company reported C$0.29 EPS for the quarter. Extendicare had a return on equity of 60.00% and a net margin of 4.28%. The business had revenue of C$348.48 million for the quarter, compared to the consensus estimate of C$360.20 million.

Extendicare Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 annualized dividend and a yield of 5.23%. Extendicare’s dividend payout ratio is 70.59%.

Extendicare Company Profile

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