why Brookdale Senior Living Inc [BKD] is a Good Choice for Investors After New Price Target of $7.25

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Brookdale Senior Living Inc [NYSE: BKD] price plunged by -4.03 percent to reach at -$0.25.

The one-year BKD stock forecast points to a potential upside of 17.93. The average equity rating for BKD stock is currently 2.75, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on 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 $7.25 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 2.75. 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 Underperform, with their previous recommendation back on Oct-08-24. While these analysts kept the previous recommendation, Macquarie raised their target price to Outperform. The new note on the price target was released on June 28, 2024, representing the official price target for Brookdale Senior Living Inc stock. Previously, the target price had yet another raise from $3.95 to $6, while BofA Securities kept a Neutral rating on BKD stock. On November 17, 2023, analysts increased their price target for BKD shares from 7 to 9.

The Average True Range (ATR) for Brookdale Senior Living Inc is set at 0.27, with the Price to Sales ratio for BKD stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 3.45, with the Price to Cash per share for the same quarter was set at 1.79.

BKD Stock Performance Analysis:

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 -12.37. With this latest performance, BKD shares dropped by -11.59% in over the last four-week period, additionally sinking by -14.02% over the last 6 months – not to mention a rise of 57.41% 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 28.60, with the RSI for the last a single of trading hit 22.99, and the three-weeks RSI is set at 32.72 for Brookdale Senior Living Inc [BKD]. The present Moving Average for the last 50 days of trading for this stock 6.92, while it was recorded at 6.34 for the last single week of trading, and 6.55 for the last 200 days.

BKD Stock EPS

With the latest financial reports released by the company, Brookdale Senior Living Inc posted -0.22/share EPS, while the average EPS was predicted by analysts to be reported at -0.21/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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%.

Brookdale Senior Living Inc [BKD] Institutonal Ownership Details

There are presently around $107.64%, or 111.94%% of BKD stock, in the hands of institutional investors. The top three institutional holders of BKD stocks are: VANGUARD GROUP INC with ownership of 18.68 million shares, which is approximately 8.2681%. BLACKROCK INC., holding 18.46 million shares of the stock with an approximate value of $$126.1 million in BKD stocks shares; and BLACKROCK INC., currently with $$106.63 million in BKD stock with ownership which is approximately 6.9114%.

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