Brookdale Senior Living Given Average Rating of “Buy” by Analysts (NYSE:BKD)
Brookdale Senior Living (NYSE:BKD) has been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the company, AmericanBankingNews.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $39.60.
BKD has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Brookdale Senior Living from $40.00 to $47.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at JMP Securities raised their price target on shares of Brookdale Senior Living from $40.00 to $46.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Brookdale Senior Living from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $34.30 price target on the stock.
Shares of Brookdale Senior Living (NYSE:BKD) opened at 34.65 on Tuesday. Brookdale Senior Living has a 52-week low of $24.42 and a 52-week high of $36.18. The stock’s 50-day moving average is $34.32 and its 200-day moving average is $32.7. The company’s market cap is $5.994 billion.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results 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. On average, analysts predict that Brookdale Senior Living will post $-0.20 earnings per share for the current fiscal year.
In other Brookdale Senior Living news, Director Mark J. Schulte sold 10,000 shares of Brookdale Senior Living stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $34.51, for a total transaction of $345,100.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Brookdale Senior Living Inc (NYSE:BKD) is an owner and operator of senior living communities throughout the United States.
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