Sonida Senior Living (NYSE:SNDA) Coverage Initiated at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald initiated coverage of Sonida Senior Living (SNDA) with an Overweight rating and a $36 price target, implying roughly an 8.5% upside from the prior close.
• Analyst views are mixed — two Buys, one Hold and one Sell — leaving a MarketBeat consensus of Hold with a consensus price target of $35.33; RBC has a $39 target while Morgan Stanley raised its target to $31.
• SNDA opened at $33.17 with a $1.57 billion market cap, a negative P/E and high leverage (debt-to-equity ~136), factors investors should weigh against the reported upside.

Analysts at Cantor Fitzgerald initiated coverage on shares of Sonida Senior Living (NYSE:SNDA - Get Free Report) in a note issued to investors on Monday,Benzinga reports. The firm set an "overweight" rating and a $36.00 price target on the stock. Cantor Fitzgerald's price objective would indicate a potential upside of 8.53% from the stock's previous close.

Several other research firms have also commented on SNDA. Weiss Ratings began coverage on shares of Sonida Senior Living in a research report on Wednesday, March 25th. They set a "sell (d+)" rating for the company. Royal Bank Of Canada began coverage on Sonida Senior Living in a research note on Friday, March 27th. They set an "outperform" rating and a $39.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on Sonida Senior Living from $28.00 to $31.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $35.33.

Sonida Senior Living Stock Up 1.7%

SNDA opened at $33.17 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 136.33. The stock has a market capitalization of $1.57 billion, a PE ratio of -7.86 and a beta of 0.75. Sonida Senior Living has a 1 year low of $20.30 and a 1 year high of $37.57.

About Sonida Senior Living

Sonida Senior Living NYSE: SNDA is a publicly traded company that owns and operates senior living communities in the United States. The company’s core business centers on providing housing and care services for older adults, with an emphasis on assisted living, memory care and related supportive services tailored to residents’ needs.

Sonida’s communities combine residential accommodations with on-site services such as personal care assistance, medication management, dining programs, social and recreational activities, and clinical oversight.

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