Extendicare (TSE:EXE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Extendicare Inc. (TSE:EXE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$27.13 and traded as high as C$35.81. Extendicare shares last traded at C$35.32, with a volume of 438,668 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EXE shares. Canaccord Genuity Group upgraded shares of Extendicare to a “strong-buy” rating in a research note on Monday, May 11th. National Bank Financial boosted their target price 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. Canadian Imperial Bank of Commerce upped their price target on shares of Extendicare from C$22.00 to C$32.00 in a report on Thursday, April 2nd. Desjardins set a C$34.50 price target on Extendicare and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, TD lifted their price objective on Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$32.56.

Extendicare Stock Up 0.9%

The firm has a market cap of C$3.35 billion, a price-to-earnings ratio of 25.99 and a beta of 1.57. The business’s 50 day moving average price is C$32.17 and its 200 day moving average price is C$27.13. The company has a debt-to-equity ratio of 82.55, a quick ratio of 0.98 and a current ratio of 1.44.

Extendicare (TSE:EXE) last posted its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. Extendicare had a net margin of 6.99% and a return on equity of 45.35%. The firm had revenue of C$465.22 million during the quarter. On average, equities analysts forecast that Extendicare Inc. will post 0.6134729 EPS for the current year.

Extendicare Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a $0.0441 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.5%. Extendicare’s payout ratio is presently 37.24%.

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.