ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Sienna Senior Living (TSE:SIA) Stock

Sienna Senior Living (TSE:SIA) had its price target raised by investment analysts at ATB Cormark Capital Markets from C$26.00 to C$27.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 20.11% from the stock’s previous close.

Several other research firms also recently issued reports on SIA. Scotia lifted their price target on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. TD upped their price objective on shares of Sienna Senior Living from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Canaccord Genuity Group raised their target price on Sienna Senior Living from C$26.00 to C$27.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, National Bank Financial raised their target price on Sienna Senior Living from C$27.50 to C$28.50 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$26.36.

Sienna Senior Living Stock Down 1.1%

TSE:SIA traded down C$0.26 during trading hours on Thursday, hitting C$22.48. The stock had a trading volume of 216,718 shares, compared to its average volume of 336,245. The company has a current ratio of 0.60, a quick ratio of 0.23 and a debt-to-equity ratio of 165.07. Sienna Senior Living has a 1-year low of C$17.35 and a 1-year high of C$24.07. The business has a 50 day simple moving average of C$22.26 and a two-hundred day simple moving average of C$22.45. The company has a market cap of C$2.39 billion, a PE ratio of 46.83 and a beta of 1.07.

Sienna Senior Living (TSE:SIA) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. Sienna Senior Living had a net margin of 4.34% and a return on equity of 6.44%. The company had revenue of C$277.08 million for the quarter. Analysts predict that Sienna Senior Living will post 0.4595351 EPS for the current year.

About Sienna Senior Living

Sienna Senior Living Inc (TSX:SIA) offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna’s approximately 15,000 employees are passionate about cultivating happiness in daily life.