Extendicare (TSE:EXE) Share Price Passes Above 200-Day Moving Average – What’s Next?

Extendicare Inc. (TSE:EXE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$27.13 and traded as high as C$35.81. Extendicare shares last traded at C$35.32, with a volume of 438,668 shares traded.

Analyst Ratings Changes

A number of analysts have commented on EXE shares. BMO Capital Markets lifted their target price on Extendicare from C$30.00 to C$38.00 in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce increased their price objective on Extendicare from C$22.00 to C$32.00 in a research report on Thursday, April 2nd. National Bank Financial lifted their price objective on Extendicare from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Desjardins set a C$34.50 target price on Extendicare and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, TD Securities upgraded shares of Extendicare from a “hold” rating to a “buy” rating and upped their target price for the company from C$19.00 to C$32.00 in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Extendicare has an average rating of “Buy” and an average target price of C$32.56.

Extendicare Stock Performance

The business’s 50 day simple moving average is C$32.17 and its two-hundred day simple moving average is C$27.13. The firm has a market capitalization of C$3.35 billion, a PE ratio of 25.99 and a beta of 1.57. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 82.55.

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

Extendicare Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $0.0441 dividend. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 29th. Extendicare’s dividend payout ratio (DPR) is presently 37.24%.

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.