Extendicare (TSE:EXE) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Price breakout: Extendicare shares crossed above their 200‑day moving average (200‑day MA C$21.97), trading as high as C$29.82 and last at C$29.78 on volume of 173,107 shares.
• Analyst optimism: Multiple firms have raised price targets (up to C$32) and TD upgraded to "buy"; the MarketBeat consensus rating is "Buy" with a consensus target of C$28.64.
• Fundamentals & dividend: Latest quarter showed EPS C$0.29 on C$462M revenue with a net margin of 5.82% and ROE 47.65%; the company declared a monthly dividend of C$0.0441 (ex‑div Apr 30, payable May 15) implying about a 1.8% yield.

Extendicare Inc. (TSE:EXE - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.97 and traded as high as C$29.82. Extendicare shares last traded at C$29.78, with a volume of 173,107 shares changing hands.

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of research reports. National Bank Financial boosted their target price on shares of Extendicare from C$24.50 to C$29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 5th. Canadian Imperial Bank of Commerce raised their price target on shares of Extendicare from C$22.00 to C$32.00 in a research note on Thursday, April 2nd. BMO Capital Markets lifted their price objective on Extendicare from C$24.00 to C$30.00 in a report on Monday, March 2nd. Finally, TD Securities upgraded Extendicare from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$19.00 to C$32.00 in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, Extendicare has a consensus rating of "Buy" and a consensus target price of C$28.64.

Extendicare Stock Up 0.6%

The business has a fifty day simple moving average of C$26.35 and a two-hundred day simple moving average of C$21.97. The company has a current ratio of 1.37, a quick ratio of 0.98 and a debt-to-equity ratio of 91.85. The company has a market cap of C$2.81 billion, a PE ratio of 26.76 and a beta of 1.18.

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

Extendicare Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders 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 presently 44.92%.

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.

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