Sienna Senior Living (TSE:SIA) Raised to "Strong-Buy" at Raymond James Financial

Key Points

• Raymond James upgraded Sienna Senior Living to “strong buy” but lowered its price target to C$24.25 from C$25.75, implying roughly 21.4% upside from the prior close.
• Analyst sentiment remains positive, with a consensus “buy” rating and average price target of C$26.27; several firms recently raised their targets to between C$26.00 and C$28.50.
• Sienna shares rose 0.3% to C$19.97, while director Brian Johnston bought 2,500 shares for approximately C$49,900, increasing his holdings by 9.42%.

Sienna Senior Living (TSE:SIA - Get Free Report) was upgraded by stock analysts at Raymond James Financial from an "outperform" rating to a "strong-buy" rating in a research note issued on Friday, BayStreet reports. The firm presently has a C$24.25 target price on the stock, down from their prior target price of C$25.75. Raymond James Financial's target price points to a potential upside of 21.43% from the stock's previous close.

A number of other research analysts also recently issued reports on SIA. Royal Bank Of Canada upgraded Sienna Senior Living from a "hold" rating to a "moderate buy" rating and raised their price target for the stock from C$25.00 to C$26.00 in a research note on Tuesday, August 11th. National Bank Financial boosted their price objective 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, August 6th. ATB Cormark Capital Markets increased their price objective on Sienna Senior Living from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Finally, TD raised their target price on shares of Sienna Senior Living from C$27.00 to C$28.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$26.27.

Sienna Senior Living Stock Up 0.3%

Shares of TSE SIA traded up C$0.05 during mid-day trading on Friday, reaching C$19.97. The company had a trading volume of 201,106 shares, compared to its average volume of 359,414. The company has a current ratio of 0.56, a quick ratio of 0.23 and a debt-to-equity ratio of 148.98. The firm has a 50 day simple moving average of C$21.19 and a two-hundred day simple moving average of C$21.97. The stock has a market cap of C$2.21 billion, a P/E ratio of 37.68 and a beta of 1.04. Sienna Senior Living has a 52-week low of C$18.19 and a 52-week high of C$24.07.

Sienna Senior Living (TSE:SIA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. Sienna Senior Living had a net margin of 4.83% and a return on equity of 6.58%. The firm had revenue of C$277.08 million during the quarter. Sell-side analysts predict that Sienna Senior Living will post 0.4595351 earnings per share for the current year.

Insider Transactions at Sienna Senior Living

In other news, Director Brian Johnston acquired 2,500 shares of the business's stock in a transaction on Monday, September 14th. The stock was bought at an average price of C$19.96 per share, for a total transaction of C$49,900.00. Following the transaction, the director owned 29,037 shares in the company, valued at C$579,578.52. This represents a 9.42% increase in their ownership of the stock. Corporate insiders own 0.12% of the company's stock.

Sienna Senior Living Company Profile

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.

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