Sonida Senior Living (NYSE:SNDA) Given New $42.00 Price Target at Cantor Fitzgerald

Sonida Senior Living (NYSE:SNDA) had its price target hoisted by equities researchers at Cantor Fitzgerald from $36.00 to $42.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 13.25% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. Morgan Stanley increased their price objective on shares of Sonida Senior Living from $28.00 to $31.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Sonida Senior Living in a report on Tuesday. Robert W. Baird boosted their target price on Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.75.

Sonida Senior Living Stock Performance

Sonida Senior Living stock opened at $37.09 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 136.33. The company has a market cap of $1.76 billion, a P/E ratio of -6.36 and a beta of 0.82. Sonida Senior Living has a one year low of $23.66 and a one year high of $38.99.

Sonida Senior Living (NYSE:SNDA) 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 during the quarter. As a group, sell-side analysts anticipate that Sonida Senior Living will post -2.3 EPS for the current fiscal year.

Institutional Trading of Sonida Senior Living

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital Advisors Ltd. LLC acquired a new position in Sonida Senior Living during the first quarter valued at approximately $45,000. Main Street Group LTD acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at $50,000. First Pacific Financial bought a new stake in shares of Sonida Senior Living in the 1st quarter valued at $56,000. Darwin Wealth Management LLC acquired a new stake in Sonida Senior Living during the 1st quarter worth $63,000. Finally, NFSG Corp bought a new position in Sonida Senior Living during the first quarter worth about $68,000. 87.55% of the stock is owned by institutional investors.

Sonida Senior Living Company Profile

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.