TD Issues Positive Forecast for Sienna Senior Living (TSE:SIA) Stock Price

Key Points

• TD raised its price target for Sienna Senior Living from C$27.00 to C$28.00 while maintaining a “buy” rating, implying 24.56% upside from the prior close.
• Other analysts also increased their targets, contributing to a consensus “Buy” rating and an average price target of C$26.36.
• Sienna shares fell 1.1% to C$22.48 in Thursday trading. The company recently reported quarterly revenue of C$277.08 million and earnings of C$0.11 per share.

Sienna Senior Living (TSE:SIA - Get Free Report) had its price objective upped by analysts at TD from C$27.00 to C$28.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD's price target indicates a potential upside of 24.56% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group upped their price objective on Sienna Senior Living from C$26.00 to C$27.50 and gave the stock a "buy" rating in a research note on Thursday, May 7th. National Bank Financial boosted their target price on shares of Sienna Senior Living from C$27.50 to C$28.50 and gave the stock an "outperform" rating in a report on Thursday. Scotia increased their price target on shares of Sienna Senior Living from C$25.00 to C$26.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 7th. Finally, ATB Cormark Capital Markets raised their price target on shares of Sienna Senior Living from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Sienna Senior Living presently has a consensus rating of "Buy" and an average price target of C$26.36.

Sienna Senior Living Stock Down 1.1%

Shares of TSE SIA traded down C$0.26 during midday trading on Thursday, reaching 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 quick ratio of 0.23, a current ratio of 0.60 and a debt-to-equity ratio of 165.07. The stock's 50 day simple moving average is C$22.26 and its 200-day simple moving average is C$22.45. Sienna Senior Living has a one year low of C$17.35 and a one year high of C$24.07. The company 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 announced its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. Sienna Senior Living had a return on equity of 6.44% and a net margin of 4.34%.The business had revenue of C$277.08 million for the quarter. 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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