Extendicare (TSE:EXE) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Extendicare Inc. (TSE:EXE)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on EXE. BMO Capital Markets increased their target price on Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. Desjardins cut 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. Royal Bank Of Canada boosted their target price on shares of Extendicare from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Canaccord Genuity Group raised their target price on shares of Extendicare from C$37.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, National Bank Financial boosted their price target on shares of Extendicare from C$34.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat.com, Extendicare presently has an average rating of “Buy” and an average price target of C$37.00.

Extendicare Price Performance

The firm’s 50-day moving average price is C$34.64 and its 200-day moving average price is C$31.25. The company has a current ratio of 0.75, a quick ratio of 0.98 and a debt-to-equity ratio of 159.54. The stock has a market capitalization of C$2.96 billion, a PE ratio of 23.86 and a beta of 1.59.

Extendicare (TSE:EXE) 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 company had revenue of C$611.04 million during the quarter. On average, equities analysts forecast that Extendicare Inc. will post 0.6134729 EPS for the current fiscal year.

Extendicare Dividend Announcement

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