Sienna Senior Living (TSE:SIA) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Key Points

• ATB Cormark Capital Markets raised its price target on Sienna Senior Living to C$26.00 with an "outperform" rating, and the analyst consensus sits at a C$26.09 target with an average "Buy" rating.
• Shares traded at C$23.09 (down ~1.4%) giving a C$2.45B market cap; the company reported C$0.14 EPS and C$278.45M revenue for the quarter but shows high leverage (debt-to-equity 198.59) and weak liquidity (quick ratio 0.23, current ratio 0.51), which could limit upside.

Sienna Senior Living (TSE:SIA - Get Free Report) had its price objective increased by equities researchers at ATB Cormark Capital Markets from C$25.00 to C$26.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price target suggests a potential upside of 12.60% from the stock's previous close.

A number of other equities research analysts also recently weighed in on SIA. TD Securities raised their price objective 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. Royal Bank Of Canada increased their price target on shares of Sienna Senior Living from C$22.00 to C$25.00 and gave the company a "sector perform" rating in a research report on Thursday, February 26th. Canaccord Genuity Group lifted their price objective on shares of Sienna Senior Living from C$24.50 to C$26.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Desjardins boosted their price objective on shares of Sienna Senior Living from C$24.00 to C$26.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of 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, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$26.09.

Sienna Senior Living Stock Down 1.4%

Shares of TSE SIA traded down C$0.33 during midday trading on Thursday, reaching C$23.09. 199,808 shares of the company's stock traded hands, compared to its average volume of 318,396. The company has a market cap of C$2.45 billion, a price-to-earnings ratio of 47.12 and a beta of 0.95. The stock's 50 day simple moving average is C$22.81 and its 200-day simple moving average is C$21.50. 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 has a one year low of C$17.01 and a one year high of C$24.07.

Sienna Senior Living (TSE:SIA - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$278.45 million during the quarter. Sienna Senior Living had a net margin of 4.43% and a return on equity of 6.93%. On average, 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.

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