Scotia Forecasts Strong Price Appreciation for Sienna Senior Living (TSE:SIA) Stock

Key Points

• Scotia raised its price target on Sienna Senior Living to C$26 (from C$25) and kept a "sector outperform" rating, implying about a 12.6% upside from the current share price.
• Multiple analysts have also lifted targets, leaving Sienna with a consensus "Buy" rating and an average price target of C$26.09 (one Strong Buy, nine Buy, one Hold).
• The stock traded at C$23.09 with a market cap of C$2.45B, but investors should note the company's high leverage (debt-to-equity of 198.59) and an elevated P/E of 47.12, which signal valuation and risk considerations.

Sienna Senior Living (TSE:SIA - Get Free Report) had its price target increased by analysts at Scotia from C$25.00 to C$26.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a "sector outperform" rating on the stock. Scotia's target price indicates a potential upside of 12.60% from the company's current price.

Several other equities analysts have also recently commented on SIA. ATB Cormark Capital Markets raised their price target on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research report on Thursday. Canaccord Genuity Group lifted their price target on shares of Sienna Senior Living from C$26.00 to C$27.50 and gave the stock a "buy" rating in a research note on Thursday. Scotiabank upped their price objective on Sienna Senior Living from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd. TD Securities boosted their target price on Sienna Senior Living from C$24.00 to C$26.00 and gave the company a "buy" rating in a report on Monday, February 23rd. Finally, National Bank Financial increased their price target on Sienna Senior Living from C$24.50 to C$27.50 and gave the stock an "outperform" rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Sienna Senior Living has a consensus rating of "Buy" and an average price target of C$26.09.

Sienna Senior Living Trading Down 1.4%

Shares of TSE SIA traded down C$0.33 during trading on Thursday, reaching C$23.09. The stock had a trading volume of 199,808 shares, compared to its average volume of 318,396. The business's 50-day moving average price is C$22.81 and its 200-day moving average price is C$21.50. Sienna Senior Living has a fifty-two week low of C$17.01 and a fifty-two week high of C$24.07. The company has a debt-to-equity ratio of 198.59, a quick ratio of 0.23 and a current ratio of 0.51. The company has a market cap of C$2.45 billion, a P/E ratio of 47.12 and a beta of 0.95.

Sienna Senior Living (TSE:SIA - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$278.45 million during the quarter. Sienna Senior Living had a return on equity of 6.93% and a net margin of 4.43%. On average, equities research analysts predict that Sienna Senior Living will post 0.4595351 EPS for the current fiscal 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.

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.