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

Key Points

• Extendicare shares fell below their 200-day moving average, reaching C$29.20 before closing at C$29.77, compared with the 200-day average of C$31.21.
• Despite the technical weakness, analysts remain positive: the stock has an average “Buy” rating and a consensus price target of C$37.00, with recent targets ranging from C$38.00 to C$44.00.
• Extendicare reported quarterly EPS of C$0.32 on revenue of C$611.04 million and pays a monthly dividend yielding approximately 1.8%, with a payout ratio of 39.23%.

Extendicare Inc. (TSE:EXE - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$31.21 and traded as low as C$29.20. Extendicare shares last traded at C$29.77, with a volume of 526,582 shares traded.

Analysts Set New Price Targets

EXE has been the subject of a number of recent research reports. National Bank Financial boosted 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 note on Wednesday, May 27th. Royal Bank Of Canada raised 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. Canaccord Genuity Group lifted their price objective on shares of Extendicare from C$37.00 to C$44.00 and gave the company a "buy" rating in a report on Monday, August 10th. BMO Capital Markets boosted their target price on shares of Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. Finally, Desjardins lowered their target price on shares of Extendicare from C$40.00 to C$39.00 and set a "buy" rating on the stock in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$37.00.

Extendicare Stock Performance

The company has a market cap of C$2.83 billion, a PE ratio of 22.79 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. The company has a 50-day moving average of C$34.75 and a 200-day moving average of C$31.21.

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

Extendicare Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were paid a $0.0441 dividend. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.8%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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