Sienna Senior Living (TSE:SIA) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Sienna Senior Living Inc. (TSE:SIA) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$22.19 and traded as high as C$23.14. Sienna Senior Living shares last traded at C$22.96, with a volume of 208,134 shares traded.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce boosted their price objective on Sienna Senior Living from C$23.00 to C$26.00 in a research note on Monday, February 23rd. BMO Capital Markets raised their target price on shares of Sienna Senior Living from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Desjardins lifted their price target on shares of Sienna Senior Living from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Royal Bank Of Canada upped their price target on shares of Sienna Senior Living from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 26th. Finally, TD Securities increased their price objective on shares of Sienna Senior Living from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$25.50.

Sienna Senior Living Price Performance

The firm has a 50-day moving average of C$22.29 and a 200-day moving average of C$20.35. The stock has a market cap of C$2.26 billion, a PE ratio of 46.41 and a beta of 0.89. The company has a debt-to-equity ratio of 198.59, a current ratio of 0.51 and a quick ratio of 0.23.

Sienna Senior Living (TSE:SIA) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.14 EPS for the quarter. Sienna Senior Living had a return on equity of 6.93% and a net margin of 4.43%.The company had revenue of C$278.45 million for the quarter. Research analysts predict that Sienna Senior Living Inc. will post 0.4595351 EPS for the current 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.