Morgan Stanley Increases Sonida Senior Living (NYSE:SNDA) Price Target to $31.00

Key Points

• Morgan Stanley raised its price target for Sonida Senior Living from $28 to $31 while maintaining an "equal weight" rating, a target that implies about a 3.79% downside from the stock's current price (~$32.22).
• Analyst opinions are mixed — Royal Bank of Canada initiated coverage with an "outperform" and a $39 target, Weiss Ratings started at "sell (d+)", and MarketBeat's consensus is "Hold" with an average price target of $35.

Sonida Senior Living (NYSE:SNDA - Get Free Report) had its price objective raised by research analysts at Morgan Stanley from $28.00 to $31.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price points to a potential downside of 3.79% from the stock's current price.

Other equities research analysts have also issued reports about the company. Weiss Ratings started coverage on Sonida Senior Living in a research note on Wednesday, March 25th. They set a "sell (d+)" rating for the company. Royal Bank Of Canada started coverage on Sonida Senior Living in a report on Friday, March 27th. They issued an "outperform" rating and a $39.00 target price for the company. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sonida Senior Living presently has a consensus rating of "Hold" and an average price target of $35.00.

Sonida Senior Living Stock Performance

Shares of SNDA traded down $0.25 during trading hours on Tuesday, hitting $32.22. 130,534 shares of the company were exchanged, compared to its average volume of 296,662. The firm has a market cap of $1.53 billion, a PE ratio of -7.65 and a beta of 0.75. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 136.33. Sonida Senior Living has a one year low of $19.34 and a one year high of $37.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.