Robert W. Baird Forecasts Strong Price Appreciation for Sonida Senior Living (NYSE:SNDA) Stock

Key Points

• Robert W. Baird raised its price target on Sonida Senior Living to $37.00 (from $35.00) and kept a "neutral" rating, implying about a 5.35% upside from the current price.
• Analyst views are mixed—Royal Bank of Canada and Cantor Fitzgerald have bullish ratings with targets of $39 and $36, while Morgan Stanley and others are more cautious; the consensus rating is a Hold with a $35.75 average price target.
• Fundamentals show the stock around $35.12 with a one-year range of $21.54–$37.57, negative EPS/ROE and a high debt-to-equity ratio (136.33), and institutional investors hold about 87.6% of shares.

Sonida Senior Living (NYSE:SNDA - Get Free Report) had its price objective lifted by analysts at Robert W. Baird from $35.00 to $37.00 in a report released on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 5.35% from the company's current price.

Several other analysts have also issued reports on SNDA. Weiss Ratings upgraded Sonida Senior Living from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, April 17th. Royal Bank Of Canada began coverage on Sonida Senior Living in a research note on Friday, March 27th. They set an "outperform" rating and a $39.00 price objective on the stock. Morgan Stanley raised their price objective on 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. Cantor Fitzgerald initiated coverage on Sonida Senior Living in a report on Monday, April 13th. They set an "overweight" rating and a $36.00 price objective on the stock. Finally, Wall Street Zen raised Sonida Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, April 18th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $35.75.

Sonida Senior Living Stock Performance

Shares of Sonida Senior Living stock opened at $35.12 on Friday. Sonida Senior Living has a 1 year low of $21.54 and a 1 year high of $37.57. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -8.34 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 (NYSE:SNDA - Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($1.72) earnings per share for the quarter. The firm had revenue of $97.66 million for the quarter. Sonida Senior Living had a negative return on equity of 150.51% and a negative net margin of 18.57%. On average, sell-side analysts predict that Sonida Senior Living will post -2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Sonida Senior Living

Several institutional investors have recently bought and sold shares of the company. Capital Advisors Ltd. LLC purchased a new position in Sonida Senior Living in the first quarter valued at approximately $45,000. First Pacific Financial bought a new position in shares of Sonida Senior Living in the first quarter worth $56,000. Brookstone Capital Management bought a new position in shares of Sonida Senior Living in the first quarter worth $258,000. RFG Advisory LLC bought a new position in shares of Sonida Senior Living in the first quarter worth $279,000. Finally, Ocean Park Asset Management LLC bought a new position in Sonida Senior Living in the first quarter valued at $337,000. Hedge funds and other institutional investors own 87.55% of the company's stock.

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.

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