Sienna Senior Living (TSE:SIA) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised Sienna Senior Living’s price target to C$28.50 from C$27.50 and maintained an “outperform” rating, implying 26.78% upside from the previous close.
• Analyst sentiment remains positive: MarketBeat reports a consensus “Buy” rating and an average target price of C$26.36, with several brokerages recently increasing their targets.
• Sienna’s shares traded at C$22.48, while the company reported quarterly EPS of C$0.11 and revenue of C$277.08 million; its stock remains below its 52-week high of C$24.07.

Sienna Senior Living (TSE:SIA - Get Free Report) had its target price lifted by equities researchers at National Bank Financial from C$27.50 to C$28.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price objective indicates a potential upside of 26.78% from the company's previous close.

Several other brokerages also recently commented on SIA. Canaccord Genuity Group lifted their target price on shares of Sienna Senior Living from C$26.00 to C$27.50 and gave the stock a "buy" rating in a report on Thursday, May 7th. ATB Cormark Capital Markets increased 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 report on Thursday, May 7th. Scotia raised their price objective on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 7th. Finally, TD boosted their price objective on Sienna Senior Living from C$26.00 to C$27.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. One research 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 stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$26.36.

Sienna Senior Living Stock Performance

Sienna Senior Living stock traded down C$0.26 during mid-day trading on Thursday, hitting C$22.48. 216,718 shares of the company's stock traded hands, compared to its average volume of 336,245. The company has a debt-to-equity ratio of 165.07, a current ratio of 0.60 and a quick ratio of 0.23. The firm has a 50 day simple moving average of C$22.26 and a two-hundred day simple moving average of C$22.45. Sienna Senior Living has a fifty-two week low of C$17.35 and a fifty-two week high of C$24.07. The stock has a market cap of C$2.39 billion, a price-to-earnings ratio of 46.83 and a beta of 1.07.

Sienna Senior Living (TSE:SIA - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. The firm had revenue of C$277.08 million for the quarter. Sienna Senior Living had a net margin of 4.34% and a return on equity of 6.44%. On average, research analysts expect 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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