Sonida Senior Living (NYSE:SNDA) Price Target Raised to $47.00

Sonida Senior Living (NYSE:SNDA) had its price target hoisted by Cantor Fitzgerald from $42.00 to $47.00 in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Citigroup started coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They set a “market outperform” rating on the stock. Morgan Stanley raised their target price on shares of Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Robert W. Baird lifted their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

Sonida Senior Living Stock Up 0.3%

Shares of NYSE:SNDA opened at $39.18 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $1.88 billion, a P/E ratio of -6.33 and a beta of 0.80. Sonida Senior Living has a 52-week low of $24.65 and a 52-week high of $44.38. The firm has a fifty day moving average of $39.10.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). Sonida Senior Living had a negative return on equity of 37.00% and a negative net margin of 23.27%.The company had revenue of $207.65 million for the quarter. During the same period in the previous year, the company posted ($0.16) EPS. On average, sell-side analysts anticipate that Sonida Senior Living will post -1.72 earnings per share for the current year.

Hedge Funds Weigh In On Sonida Senior Living

A number of hedge funds have recently made changes to their positions in SNDA. Allworth Financial LP purchased a new stake in shares of Sonida Senior Living during the 2nd quarter valued at $43,000. Capital Advisors Ltd. LLC purchased a new position in shares of Sonida Senior Living in the 1st quarter worth $45,000. Main Street Group LTD purchased a new position in shares of Sonida Senior Living in the 1st quarter worth $50,000. First Pacific Financial purchased a new position in shares of Sonida Senior Living in the 1st quarter worth $56,000. Finally, Darwin Wealth Management LLC acquired a new position in Sonida Senior Living in the first quarter valued at $63,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

About Sonida Senior Living

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.