Extendicare (TSE:EXE) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Extendicare Inc. (TSE:EXE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$26.60 and traded as high as C$33.92. Extendicare shares last traded at C$33.80, with a volume of 615,514 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXE shares. Desjardins set a C$34.50 price objective on Extendicare and gave the company a “buy” rating in a research report on Wednesday, April 22nd. National Bank Financial raised their target price on Extendicare from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Canaccord Genuity Group upgraded shares of Extendicare to a “strong-buy” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce lifted their price target on shares of Extendicare from C$22.00 to C$32.00 in a research note on Thursday, April 2nd. Finally, BMO Capital Markets boosted their price target on shares of Extendicare from C$30.00 to C$38.00 in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$32.56.

Extendicare Trading Up 2.5%

The company has a debt-to-equity ratio of 82.55, a current ratio of 1.44 and a quick ratio of 0.98. The business’s 50 day simple moving average is C$31.54 and its 200 day simple moving average is C$26.60. The stock has a market cap of C$3.20 billion, a P/E ratio of 24.87 and a beta of 1.57.

Extendicare (TSE:EXE) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. Extendicare had a return on equity of 45.35% and a net margin of 6.99%.The company had revenue of C$465.22 million for the quarter. On average, analysts expect that Extendicare Inc. will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.0441 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 1.6%. Extendicare’s payout ratio is currently 37.24%.

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.