Cibc Captl Mkts Upgrades Sienna Senior Living (TSE:SIA) to Strong-Buy

Sienna Senior Living (TSE:SIA) was upgraded by research analysts at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

SIA has been the subject of several other reports. CIBC raised Sienna Senior Living from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$20.00 to C$23.00 in a research note on Tuesday. Scotiabank boosted their price target on shares of Sienna Senior Living from C$20.00 to C$22.50 in a research report on Monday. Finally, Desjardins raised their price objective on shares of Sienna Senior Living from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, Sienna Senior Living currently has an average rating of “Buy” and a consensus price target of C$20.58.

Sienna Senior Living Stock Performance

TSE SIA traded down C$0.16 during mid-day trading on Tuesday, reaching C$20.28. 44,941 shares of the stock were exchanged, compared to its average volume of 273,348. The business’s 50 day moving average is C$18.89 and its 200-day moving average is C$18.48. The company has a debt-to-equity ratio of 215.47, a quick ratio of 0.23 and a current ratio of 0.43. Sienna Senior Living has a 1 year low of C$14.59 and a 1 year high of C$20.74. The company has a market capitalization of C$1.91 billion, a P/E ratio of 46.09 and a beta of 0.94.

Sienna Senior Living (TSE:SIA) last announced its earnings results on Thursday, November 13th. The company reported C$0.30 earnings per share (EPS) for the quarter. The firm had revenue of C$261.70 million for the quarter. Sienna Senior Living had a return on equity of 7.71% and a net margin of 3.57%. On average, equities research analysts forecast that Sienna Senior Living will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Company Profile

Sienna Senior Living Inc is one of the largest owners of seniors’ housing, the largest licensed long-term care operator in Ontario, and a provider of services across the full continuum of care. The firm operates solely within Canada. The company is comprised of the following main business segments, LTC Business, Retirement and Other.