Zacks Upgrades Brookdale Senior Living to “Neutral” (BKD)
Brookdale Senior Living (NYSE:BKD) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday. The firm currently has a $34.30 price objective on the stock. Zacks‘s target price suggests a potential upside of 2.48% from the company’s current price.
A number of other firms have also recently commented on BKD. Analysts at Barclays raised their price target on shares of Brookdale Senior Living from $34.00 to $36.00 in a research note on Friday. Separately, analysts at Stifel Nicolaus raised their price target on shares of Brookdale Senior Living from $38.00 to $40.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, July 16th. They set a “buy” rating and a $34.14 price target on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $37.93.
Brookdale Senior Living (NYSE:BKD) traded down 2.49% on Tuesday, hitting $32.635. The stock had a trading volume of 2,024,509 shares. Brookdale Senior Living has a 52-week low of $24.42 and a 52-week high of $36.18. The stock has a 50-day moving average of $34.38 and a 200-day moving average of $32.45. The company’s market cap is $4.093 billion.
Brookdale Senior Living (NYSE:BKD) last released its earnings data on Wednesday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.66. The company had revenue of $748.39 million for the quarter, compared to the consensus estimate of $740.32 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts expect that Brookdale Senior Living will post $-0.20 EPS for the current fiscal year.
Brookdale Senior Living Inc (NYSE:BKD) is an owner and operator of senior living communities throughout the United States.
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