Morgan Stanley Increases Sonida Senior Living (NYSE:SNDA) Price Target to $31.00

Sonida Senior Living (NYSE:SNDA) had its target price raised by equities research analysts at Morgan Stanley from $28.00 to $31.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 3.79% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Weiss Ratings initiated coverage on Sonida Senior Living in a research report on Wednesday, March 25th. They set a “sell (d+)” rating for the company. Royal Bank Of Canada initiated coverage on Sonida Senior Living in a report on Friday, March 27th. They set an “outperform” rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Sonida Senior Living Price Performance

SNDA traded down $0.25 during trading on Tuesday, reaching $32.22. 130,534 shares of the stock traded hands, compared to its average volume of 296,662. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -7.65 and a beta of 0.75. Sonida Senior Living has a fifty-two week low of $19.34 and a fifty-two week high of $37.57. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 136.33.

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.