Sienna Senior Living (TSE:SIA) Stock Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Crossed above its 50-day moving average: Sienna Senior Living's stock moved above its 50-day MA (C$22.19), trading as high as C$23.14 and last at C$22.96 on a volume of 208,134 shares.
• Analysts raised targets and ratings, with several banks boosting price targets to C$25–C$26 and a MarketBeat consensus of Buy with an average target of C$25.50.
• Underlying fundamentals are mixed: the latest quarter showed modest profitability (EPS C$0.14, net margin 4.43%), but the company carries very high leverage (debt-to-equity 198.59) and weak liquidity (current ratio 0.51), indicating balance-sheet risk.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$22.19 and traded as high as C$23.14. Sienna Senior Living shares last traded at C$22.96, with a volume of 208,134 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SIA shares. ATB Cormark Capital Markets boosted their price objective on shares of Sienna Senior Living from C$23.00 to C$25.00 and gave the stock an "outperform" rating in a research note on Monday, February 23rd. Desjardins lifted their target price on Sienna Senior Living from C$24.00 to C$26.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. TD Securities upped their price target on Sienna Senior Living from C$24.00 to C$26.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Scotiabank increased their price target 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. Finally, Canadian Imperial Bank of Commerce increased their price target on Sienna Senior Living from C$23.00 to C$26.00 in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$25.50.

Sienna Senior Living Trading Down 0.4%

The firm's 50 day simple moving average is C$22.19 and its two-hundred day simple moving average is C$20.30. The stock has a market capitalization of C$2.28 billion, a P/E ratio of 46.86 and a beta of 0.89. The company has a quick ratio of 0.23, a current ratio of 0.51 and a debt-to-equity ratio of 198.59.

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

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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