Extendicare (TSE:EXE) Share Price Breaks Above 50 Day Moving Average – Time to Sell?

Extendicare Inc. (TSE:EXE)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$28.84 and traded as high as C$28.98. Extendicare shares last traded at C$28.95, with a volume of 399,000 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on EXE shares. 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 note on Friday, August 14th. National Bank Financial dropped their price objective on shares of Extendicare from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Desjardins raised their price objective on shares of Extendicare from C$39.00 to C$39.50 and gave the company a “buy” rating in a research note on Monday. Finally, 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. Seven investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$37.06.

Extendicare Price Performance

The company has a fifty day moving average of C$28.84 and a 200-day moving average of C$30.08. The firm has a market cap of C$2.75 billion, a P/E ratio of 22.17 and a beta of 1.31. The company has a debt-to-equity ratio of 159.54, a current ratio of 0.75 and a quick ratio of 0.98.

Extendicare (TSE:EXE) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.41 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$627.84 million during the quarter. On average, sell-side analysts anticipate that Extendicare Inc. will post 0.61 EPS for the current fiscal year.

Extendicare Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be issued a $0.0441 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.53 annualized dividend and a dividend yield of 1.8%. Extendicare’s dividend payout ratio is currently 39.23%.

Extendicare Company Profile

Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of the growing seniors’ population, inspired by our mission to provide people with the care they need, wherever they call home. We deliver more than 27 million hours of home health care services annually, operate a network of 97 long-term care homes (58 owned, 39 under management contracts), and provide group purchasing services to third parties representing approximately 161,700 beds across Canada.