Sienna Senior Living (TSE:SIA) Stock Rating Upgraded by Royal Bank Of Canada

Key Points

• Royal Bank of Canada upgraded Sienna Senior Living from “sector perform” to “outperform” and raised its price target from C$25.00 to C$26.00, implying 18.34% potential upside.
• Analyst sentiment is broadly positive: Sienna has an average “Buy” rating and a consensus price target of C$26.45, with several firms recently raising their targets.
• The company reported quarterly revenue of C$277.08 million and earnings of C$0.11 per share; shares recently traded at C$21.97, while the stock’s market capitalization stood at approximately C$2.44 billion.

Sienna Senior Living (TSE:SIA - Get Free Report) was upgraded by investment analysts at Royal Bank Of Canada from a "sector perform" rating to an "outperform" rating in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a C$26.00 target price on the stock, up from their prior target price of C$25.00. Royal Bank Of Canada's price objective points to a potential upside of 18.34% from the stock's previous close.

SIA has been the subject of a number of other reports. TD increased their price target on Sienna Senior Living from C$27.00 to C$28.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. National Bank Financial boosted their price objective on Sienna Senior Living from C$27.50 to C$28.50 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Scotia boosted their price objective on 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. Canaccord Genuity Group upped their target price on 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. Finally, ATB Cormark Capital Markets increased their target price on Sienna Senior Living from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, Sienna Senior Living has an average rating of "Buy" and an average price target of C$26.45.

Sienna Senior Living Price Performance

Shares of Sienna Senior Living stock traded up C$0.35 during midday trading on Tuesday, hitting C$21.97. 381,235 shares of the company traded hands, compared to its average volume of 345,452. The firm's fifty day moving average price is C$22.31 and its 200-day moving average price is C$22.45. The stock has a market cap of C$2.44 billion, a price-to-earnings ratio of 45.77 and a beta of 1.07. Sienna Senior Living has a 12 month low of C$17.35 and a 12 month high of C$24.07. The company has a debt-to-equity ratio of 148.98, a quick ratio of 0.23 and a current ratio of 0.56.

Sienna Senior Living (TSE:SIA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. Sienna Senior Living had a net margin of 4.83% and a return on equity of 6.58%. The business had revenue of C$277.08 million during the quarter. As a group, sell-side analysts forecast that Sienna Senior Living will post 0.4595351 earnings per share for the current 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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