Desjardins Increases Sienna Senior Living (TSE:SIA) Price Target to C$23.00

Sienna Senior Living (TSE:SIA) had its price objective raised by equities research analysts at Desjardins from C$21.00 to C$23.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 14.83% from the company’s previous close.

Several other research analysts have also weighed in on SIA. Cibc Captl Mkts upgraded shares of Sienna Senior Living from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Scotiabank raised their target price on shares of Sienna Senior Living from C$20.00 to C$22.50 in a research note on Monday. Finally, CIBC raised shares of Sienna Senior Living from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$20.00 to C$23.00 in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$20.92.

Sienna Senior Living Stock Down 2.0%

TSE SIA traded down C$0.41 during trading hours on Thursday, hitting C$20.03. The company had a trading volume of 119,378 shares, compared to its average volume of 273,661. Sienna Senior Living has a fifty-two week low of C$14.59 and a fifty-two week high of C$20.74. The firm’s 50 day moving average is C$18.89 and its 200 day moving average is C$18.48. The company has a debt-to-equity ratio of 215.47, a current ratio of 0.43 and a quick ratio of 0.23. The company has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 45.52 and a beta of 0.94.

Sienna Senior Living (TSE:SIA) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.30 earnings per share for the quarter. The business had revenue of C$261.70 million during the quarter. Sienna Senior Living had a net margin of 3.57% and a return on equity of 7.71%. Sell-side analysts anticipate that Sienna Senior Living will post 0.4595351 earnings per share for the current fiscal year.

Sienna Senior Living Company Profile

Sienna Senior Living Inc is one of the largest owners of seniors’ housing, the largest licensed long-term care operator in Ontario, and a provider of services across the full continuum of care. The firm operates solely within Canada. The company is comprised of the following main business segments, LTC Business, Retirement and Other.