Sonida Senior Living (NYSE:SNDA) Given New $42.00 Price Target at Cantor Fitzgerald

Sonida Senior Living (NYSE:SNDA) had its price target lifted by investment analysts at Cantor Fitzgerald from $36.00 to $42.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 13.25% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 price target on shares of Sonida Senior Living in a research note on Tuesday. Morgan Stanley increased their price objective on shares of Sonida Senior Living from $28.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. Finally, Robert W. Baird upped their target price on Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.75.

Sonida Senior Living Stock Up 0.3%

Shares of NYSE SNDA opened at $37.09 on Wednesday. The firm has a market capitalization of $1.76 billion, a P/E ratio of -6.36 and a beta of 0.82. The company has a debt-to-equity ratio of 136.33, a current ratio of 0.74 and a quick ratio of 0.74. Sonida Senior Living has a 1-year low of $23.66 and a 1-year high of $38.99.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings results on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). The firm had revenue of $122.63 million during the quarter. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 267.87%. As a group, sell-side analysts forecast that Sonida Senior Living will post -2.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sonida Senior Living

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Advisors Ltd. LLC bought a new stake in shares of Sonida Senior Living during the 1st quarter worth approximately $45,000. Main Street Group LTD bought a new stake in Sonida Senior Living during the 1st quarter worth $50,000. First Pacific Financial acquired a new position in shares of Sonida Senior Living in the first quarter valued at approximately $56,000. Darwin Wealth Management LLC acquired a new position in Sonida Senior Living in the 1st quarter valued at approximately $63,000. Finally, NFSG Corp acquired a new stake in Sonida Senior Living in the first quarter valued at $68,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Sonida Senior Living Company Profile

Sonida Senior Living (NYSE: SNDA) is a publicly traded company that owns and operates senior living communities in the United States. The company’s core business centers on providing housing and care services for older adults, with an emphasis on assisted living, memory care and related supportive services tailored to residents’ needs.

Sonida’s communities combine residential accommodations with on-site services such as personal care assistance, medication management, dining programs, social and recreational activities, and clinical oversight.