Extendicare (TSE:EXE) Share Price Breaks Above 50 Day Moving Average – Time to Sell?

Extendicare Inc. (TSE:EXE) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$28.84 and traded as high as C$28.98. Extendicare shares last traded at C$28.95, with a volume of 399,000 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EXE shares. Canaccord Genuity Group upped their target price on Extendicare from C$37.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, August 10th. National Bank Financial dropped their price target on Extendicare from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Desjardins lifted their price target on Extendicare from C$39.00 to C$39.50 and gave the stock a “buy” rating in a report on Monday. Finally, Royal Bank Of Canada boosted their price objective on Extendicare from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$37.06.

Extendicare Stock Up 2.4%

The company has a market capitalization of C$2.75 billion, a PE ratio of 22.17 and a beta of 1.31. The stock’s fifty day moving average is C$28.84 and its two-hundred day moving average is C$30.08. The company has a current ratio of 0.75, a quick ratio of 0.98 and a debt-to-equity ratio of 159.54.

Extendicare (TSE:EXE) last posted its quarterly earnings data on Thursday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter. Extendicare had a net margin of 6.13% and a return on equity of 36.33%. The business had revenue of C$627.84 million during the quarter. As a group, analysts predict that Extendicare Inc. will post 0.61 EPS for the current year.

Extendicare Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be paid a $0.0441 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, October 30th. Extendicare’s payout ratio is presently 39.23%.

Extendicare Company Profile

Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of the growing seniors’ population, inspired by our mission to provide people with the care they need, wherever they call home. We deliver more than 27 million hours of home health care services annually, operate a network of 97 long-term care homes (58 owned, 39 under management contracts), and provide group purchasing services to third parties representing approximately 161,700 beds across Canada.