Jefferies Group Analysts Give Brookdale Senior Living (BKD) a $9.00 Price Target

Brookdale Senior Living (NYSE:BKD) received a $9.00 price target from equities research analysts at Jefferies Group in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 31.96% from the stock’s previous close. Jefferies Group also issued estimates for Brookdale Senior Living’s FY2019 earnings at ($0.74) EPS.

Other analysts have also recently issued reports about the company. Stifel Nicolaus cut Brookdale Senior Living from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $9.00 in a report on Thursday. Zacks Investment Research cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Stephens set a $16.00 price objective on Brookdale Senior Living and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, Royal Bank of Canada dropped their price objective on Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.60.

Shares of Brookdale Senior Living (NYSE:BKD) opened at $6.82 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.23. The company has a market capitalization of $1,339.59, a P/E ratio of -2.22 and a beta of 1.64. Brookdale Senior Living has a 1-year low of $6.70 and a 1-year high of $15.66.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Brookdale Senior Living had a negative net margin of 12.04% and a negative return on equity of 8.10%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.45) earnings per share. sell-side analysts anticipate that Brookdale Senior Living will post -0.87 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC purchased a new position in Brookdale Senior Living in the 3rd quarter valued at approximately $122,000. PEAK6 Investments L.P. purchased a new position in Brookdale Senior Living in the 4th quarter valued at approximately $134,000. State of Alaska Department of Revenue purchased a new position in Brookdale Senior Living in the 4th quarter valued at approximately $148,000. Two Sigma Securities LLC purchased a new position in Brookdale Senior Living in the 4th quarter valued at approximately $155,000. Finally, Nine Chapters Capital Management LLC purchased a new position in Brookdale Senior Living in the 3rd quarter valued at approximately $171,000. 95.65% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Jefferies Group Analysts Give Brookdale Senior Living (BKD) a $9.00 Price Target” was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.thelincolnianonline.com/2018/02/24/jefferies-group-analysts-give-brookdale-senior-living-bkd-a-9-00-price-target.html.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.

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

Leave a Reply