Extendicare (TSE:EXE) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Extendicare shares moved above their 200‑day moving average (200‑day MA C$23.19), trading as high as C$30.65 and last at C$30.20 on ~147k shares, suggesting a potential technical breakout.
• Analysts have been upgrading the name — consensus rating is Buy with an average target of C$29.38, and several firms raised targets to roughly C$30–C$34.50 (TD upgraded to Buy with a C$32 target).
• Key fundamentals: market cap C$2.85B, P/E ~27.1 and debt/equity ~91.9%; last quarter EPS was C$0.29, and the company declared a monthly dividend of C$0.0441 (annual yield ~1.8%, payout ratio ~45%).

Extendicare Inc. (TSE:EXE - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$23.19 and traded as high as C$30.65. Extendicare shares last traded at C$30.20, with a volume of 146,991 shares changing hands.

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Analyst Ratings Changes

EXE has been the topic of a number of research reports. TD Securities upgraded 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 report on Monday, April 6th. BMO Capital Markets upped their target price on Extendicare from C$24.00 to C$30.00 in a report on Monday, March 2nd. Desjardins set a C$34.50 target price on Extendicare and gave the company a "buy" rating in a report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce upped their target price on Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. Finally, National Bank Financial upped their target price on Extendicare from C$24.50 to C$29.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat.com, Extendicare currently has a consensus rating of "Buy" and an average target price of C$29.38.

Extendicare Stock Down 0.3%

The business has a fifty day moving average of C$27.41 and a 200 day moving average of C$23.19. The stock has a market cap of C$2.85 billion, a price-to-earnings ratio of 27.13 and a beta of 1.27. The company has a debt-to-equity ratio of 91.85, a current ratio of 1.37 and a quick ratio of 0.98.

Extendicare (TSE:EXE - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.29 EPS for the quarter. Extendicare had a return on equity of 47.65% and a net margin of 5.82%.The firm had revenue of C$462.03 million for the quarter. On average, equities analysts predict that Extendicare Inc. will post 0.6134729 earnings per share for the current year.

Extendicare Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be issued a $0.0441 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 1.8%. Extendicare's dividend payout ratio is currently 44.92%.

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.

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