TD Forecasts Strong Price Appreciation for Sienna Senior Living (TSE:SIA) Stock

Key Points

• TD raised its price target on Sienna Senior Living to C$27 from C$26 and kept a Buy rating, implying about a 16.93% upside; several other firms also lifted targets and the consensus price target is C$26.09 with an average rating of "Buy."
• The stock traded at C$23.09 with a market cap of C$2.45 billion and a high P/E of 47.12, indicating a relatively rich valuation versus current earnings.
• Recent results showed C$0.14 EPS for the quarter (net margin 4.43%, ROE 6.93%), but the company has weak liquidity (current ratio 0.51, quick ratio 0.23) and a very high debt-to-equity ratio (198.59), signaling balance-sheet risk.

Sienna Senior Living (TSE:SIA - Get Free Report) had its target price raised by equities researchers at TD from C$26.00 to C$27.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD's price target would indicate a potential upside of 16.93% from the company's current price.

A number of other research firms have also weighed in on SIA. Canadian Imperial Bank of Commerce increased their price objective on Sienna Senior Living from C$23.00 to C$26.00 in a research note on Monday, February 23rd. TD Securities boosted their target price on shares of Sienna Senior Living from C$24.00 to C$26.00 and gave the company a "buy" rating in a 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 stock a "sector perform" rating in a research note on Thursday, February 26th. National Bank Financial boosted their target price on Sienna Senior Living from C$24.50 to C$27.50 and gave the stock an "outperform" rating in a research report on Monday, April 20th. Finally, Desjardins boosted their price objective on shares of Sienna Senior Living from C$24.00 to C$26.00 and gave the company a "buy" rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$26.09.

Sienna Senior Living Price Performance

Shares of Sienna Senior Living stock traded down C$0.33 during trading on Thursday, hitting C$23.09. The stock had a trading volume of 199,808 shares, compared to its average volume of 318,396. The company has a current ratio of 0.51, a quick ratio of 0.23 and a debt-to-equity ratio of 198.59. Sienna Senior Living has a 12 month low of C$17.01 and a 12 month high of C$24.07. The firm has a market cap of C$2.45 billion, a price-to-earnings ratio of 47.12 and a beta of 0.95. The business's 50-day moving average is C$22.81 and its 200 day moving average is C$21.50.

Sienna Senior Living (TSE:SIA - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.14 EPS for the quarter. Sienna Senior Living had a net margin of 4.43% and a return on equity of 6.93%. The firm had revenue of C$278.45 million for the quarter. As a group, sell-side analysts anticipate 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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