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

Shares of Extendicare Inc. (TSE:EXE) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$24.87 and traded as high as C$34.58. Extendicare shares last traded at C$33.32, with a volume of 239,413 shares.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EXE shares. National Bank Financial upped their target price on shares of Extendicare from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Desjardins set a C$34.50 target price on shares of Extendicare and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. TD upped their target price on shares of Extendicare from C$32.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. TD Securities upgraded shares of Extendicare from a “hold” rating to a “buy” rating and upped their target price for the stock from C$19.00 to C$32.00 in a research report on Monday, April 6th. Finally, BMO Capital Markets upped their target price on shares of Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, Extendicare currently has an average rating of “Buy” and a consensus price target of C$31.89.

Extendicare Stock Performance

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 firm has a market capitalization of C$3.21 billion, a P/E ratio of 24.89 and a beta of 1.27. The stock’s 50 day moving average is C$29.48 and its two-hundred day moving average is C$25.00.

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

Extendicare Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a dividend of $0.0441 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Extendicare’s payout ratio is 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.