Extendicare (TSE:EXE) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Extendicare Inc. (TSE:EXE)’s stock price passed 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.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXE. TD lifted their price objective on Extendicare from C$32.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. BMO Capital Markets raised their target price on Extendicare from C$30.00 to C$38.00 in a research note on Wednesday, May 13th. Canaccord Genuity Group raised their target price on Extendicare from C$37.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. National Bank Financial lifted their price target on Extendicare from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, Royal Bank Of Canada boosted their price target on shares of Extendicare from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, Extendicare presently has an average rating of “Buy” and an average price target of C$37.00.

Extendicare Price Performance

The stock’s fifty day moving average price is C$35.12 and its 200-day moving average price is C$30.82. The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of 23.25 and a beta of 1.59. The company has a current ratio of 0.75, a quick ratio of 0.98 and a debt-to-equity ratio of 159.54.

Extendicare (TSE:EXE) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. Extendicare had a return on equity of 36.33% and a net margin of 6.13%.The company had revenue of C$611.04 million during the quarter. As a group, equities research analysts forecast that Extendicare Inc. will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Announces Dividend

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

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.