Extendicare (TSE:EXE) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Extendicare Inc. (TSE:EXE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EXE shares. TD Securities upgraded Extendicare from a “hold” rating to a “buy” rating and upped their price objective for the company from C$19.00 to C$32.00 in a research report on Monday, April 6th. TD upped their price objective on Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research report on Monday, May 11th. National Bank Financial upped their price objective on Extendicare from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group upgraded Extendicare to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Extendicare from C$22.00 to C$32.00 in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat.com, Extendicare currently has an average rating of “Buy” and an average target price 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 fifty day moving average price of C$29.33 and a two-hundred day moving average price of C$24.87. The stock has a market capitalization of C$3.16 billion, a PE ratio of 24.52 and a beta of 1.27.

Extendicare (TSE:EXE) last issued its quarterly earnings results 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 firm had revenue of C$465.22 million for the quarter. Research analysts expect that Extendicare Inc. will post 0.6134729 EPS for the current year.

Extendicare Dividend Announcement

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