Market Overview

UPDATE: JMP Securities Reiterates On Brookdale Senior Living Following ESC Merger Closing


In a report published Tuesday, JMP Securities analyst Peter L. Martin reiterated a Market Outperform rating on Brookdale Senior Living (NYSE: BKD), and raised the price target from $40.00 to $46.00.

In the report, JMP Securities noted, “We reiterate our Market Outperform rating on Brookdale Senior Living and raise our price target to $46 from $40 based on 12.5x Adj. EV/2015 EBITDAR (unchanged) plus current merger synergy expectations, discounted at 10%, following our 10Q review. With the ESC merger closed, we are updating our 2014-2016 estimates to $2.58, $2.96, and $3.30 versus our previous BKD standalone 2014-2016 estimates of $2.73, $2.97, and $2.94, respectively.

"We are very comfortable that BKD can achieve its year three $0.50 CFFOPS accretion guidance and we currently forecast $0.58 on better than expected operating results. We estimate that every $1.75mm in either cost savings or incremental profitability results in $0.01 CFFOPS. We believe the current weakness in the stock is more related to a shareholder position shift post-merger vs. industry fundamental deterioration, which presents a great long-term buying opportunity, in our opinion. Our $46 price target offers 37.3% upside from current levels.”

Brookdale Senior Living closed on Monday at $33.39.

Latest Ratings for BKD

Jan 2020BarclaysMaintainsEqual-Weight
Sep 2019BarclaysInitiates Coverage OnEqual-Weight
Oct 2018JMP SecuritiesMaintainsMarket OutperformMarket Outperform

View More Analyst Ratings for BKD
View the Latest Analyst Ratings


Related Articles (BKD)

View Comments and Join the Discussion!

Posted-In: JMP Securities Peter L. MartinAnalyst Color Price Target Analyst Ratings

Latest Ratings

ATENSidoti & Co.Maintains13.0
LBTYAMorgan StanleyReinstates25.0
VNOMPiper SandlerMaintains10.0
CAKEPiper SandlerMaintains38.0
AXPiper SandlerMaintains26.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at