Sonida Senior Living (NYSE:SNDA) Reaches New 1-Year High on Analyst Upgrade

Sonida Senior Living, Inc. (NYSE:SNDAGet Free Report) hit a new 52-week high on Wednesday after Cantor Fitzgerald raised their price target on the stock from $36.00 to $42.00. Cantor Fitzgerald currently has an overweight rating on the stock. Sonida Senior Living traded as high as $39.18 and last traded at $39.09, with a volume of 471062 shares changing hands. The stock had previously closed at $37.12.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Sonida Senior Living in a research note on Tuesday. Wall Street Zen downgraded shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Robert W. Baird upped their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 17th. Finally, Morgan Stanley upped their target price on shares of Sonida Senior Living from $28.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.75.

View Our Latest Analysis on SNDA

Institutional Investors Weigh In On Sonida Senior Living

Large investors have recently made changes to their positions in the stock. Gaddis Premier Wealth Advisors LLC bought a new stake in shares of Sonida Senior Living during the first quarter worth $657,000. NFSG Corp bought a new stake in shares of Sonida Senior Living during the first quarter worth $68,000. BlueChip Wealth Advisors LLC bought a new stake in shares of Sonida Senior Living during the first quarter worth $636,000. Sovran Advisors LLC bought a new stake in shares of Sonida Senior Living during the first quarter worth $531,000. Finally, World Investment Advisors bought a new stake in shares of Sonida Senior Living during the first quarter worth $208,000. Institutional investors own 87.55% of the company’s stock.

Sonida Senior Living Trading Up 5.3%

The firm has a market capitalization of $1.85 billion, a P/E ratio of -6.70 and a beta of 0.82. The company has a debt-to-equity ratio of 136.33, a quick ratio of 0.74 and a current ratio of 0.74.

Sonida Senior Living (NYSE:SNDAGet Free Report) last announced its earnings results on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing the consensus estimate of ($1.67) by ($0.72). Sonida Senior Living had a negative return on equity of 267.87% and a negative net margin of 24.15%.The business had revenue of $122.63 million for the quarter. Analysts forecast that Sonida Senior Living, Inc. will post -2.3 EPS for the current fiscal year.

Sonida Senior Living Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Sonida Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonida Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.