Brookdale Senior Living Inc [NYSE: BKD] loss -10.71% or -0.66 points to close at $5.50 with a heavy trading volume of 5384262 shares. The company report on February 20, 2024 at 4:15 PM that Brookdale Announces Fourth Quarter and Full Year 2023 Results.
Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale” or the “Company”) announced results for the quarter and full year ended December 31, 2023.
The daily chart for BKD points out that the company has recorded 35.80% gains over the past six months.
If we look at the average trading volume of 1.81M shares, BKD reached to a volume of 5384262 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Brookdale Senior Living Inc [BKD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BKD shares is $5.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BKD stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Brookdale Senior Living Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 15, 2023. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $7 to $9. The new note on the price target was released on November 17, 2023, representing the official price target for Brookdale Senior Living Inc stock. Previously, the target price had yet another drop from $5 to $4, while Stifel kept a Hold rating on BKD stock.
The Average True Range (ATR) for Brookdale Senior Living Inc is set at 0.28, with the Price to Sales ratio for BKD stock in the period of the last 12 months amounting to 0.34. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 1.85.
Trading performance analysis for BKD stock
Brookdale Senior Living Inc [BKD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.01. With this latest performance, BKD shares dropped by -9.39% in over the last four-week period, additionally plugging by 35.80% over the last 6 months – not to mention a rise of 79.15% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BKD stock in for the last two-week period is set at 44.29, with the RSI for the last a single of trading hit 40.04, and the three-weeks RSI is set at 47.05 for Brookdale Senior Living Inc [BKD]. The present Moving Average for the last 50 days of trading for this stock 5.71, while it was recorded at 6.06 for the last single week of trading, and 4.50 for the last 200 days.
Brookdale Senior Living Inc [BKD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Brookdale Senior Living Inc posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 31.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BKD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Brookdale Senior Living Inc go to 10.00%.
An analysis of Institutional ownership at Brookdale Senior Living Inc [BKD]
The top three institutional holders of BKD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BKD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BKD stock with ownership which is approximately 5.8325%.
