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

Key Points

• Extendicare shares moved above their 200-day moving average of C$30.82, reaching C$31.02 before last trading at C$30.36 on notable volume.
• Analysts remain broadly bullish: the stock has an average “Buy” rating, with eight positive ratings and a consensus price target of C$37.00. Several firms recently raised their targets, including Canaccord Genuity to C$44.00.
• Extendicare reported quarterly EPS of C$0.32 on revenue of C$611.04 million and recently paid a monthly dividend of C$0.0441 per share, implying an annualized yield of about 1.7%.

Extendicare Inc. (TSE:EXE - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$30.82 and traded as high as C$31.02. Extendicare shares last traded at C$30.36, with a volume of 1,282,777 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Canaccord Genuity Group boosted their target price on Extendicare from C$37.00 to C$44.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. National Bank Financial increased their price target on shares of Extendicare from C$34.00 to C$40.00 and gave the company an "outperform" rating in a research report on Wednesday, May 27th. TD lifted their price target on shares of Extendicare from C$32.00 to C$39.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Desjardins lowered their price objective on shares of Extendicare from C$40.00 to C$39.00 and set a "buy" rating for the company in a report on Monday, August 10th. Finally, Royal Bank Of Canada upped their price objective on shares of Extendicare from C$38.00 to C$39.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$37.00.

Extendicare Price Performance

The business's 50-day simple moving average is C$35.12 and its 200-day simple moving average is C$30.82. The stock has a market cap of C$2.89 billion, a PE ratio of 23.25 and a beta of 1.59. The company has a quick ratio of 0.98, a current ratio of 0.75 and a debt-to-equity ratio of 159.54.

Extendicare (TSE:EXE - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. The company had revenue of C$611.04 million during the quarter. Extendicare had a net margin of 6.13% and a return on equity of 36.33%. On average, research analysts expect that Extendicare Inc. will post 0.6134729 EPS for the current fiscal year.

Extendicare Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a dividend of $0.0441 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.7%. Extendicare's dividend payout ratio is presently 39.23%.

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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