Savaria (TSE:SIS) Price Target Raised to C$35.00
by Teresa Graham · The Cerbat GemSavaria (TSE:SIS – Get Free Report) had its price objective increased by equities research analysts at TD from C$31.00 to C$35.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price objective indicates a potential upside of 21.70% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Desjardins upped their target price on Savaria from C$27.00 to C$32.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. ATB Cormark Capital Markets upped their target price on Savaria from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. TD Securities upped their target price on shares of Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. National Bank Financial upped their target price on shares of Savaria from C$30.00 to C$30.50 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, Scotiabank upped their target price on shares of Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$32.19.
Get Our Latest Analysis on Savaria
Savaria Trading Down 0.7%
SIS stock traded down C$0.19 during trading on Wednesday, reaching C$28.76. 295,917 shares of the stock traded hands, compared to its average volume of 181,278. The business’s 50 day moving average price is C$26.01 and its 200-day moving average price is C$23.67. Savaria has a 52-week low of C$16.11 and a 52-week high of C$30.41. The company has a debt-to-equity ratio of 32.13, a current ratio of 1.61 and a quick ratio of 0.91. The firm has a market capitalization of C$2.07 billion, a PE ratio of 29.96, a P/E/G ratio of 42.72 and a beta of 0.86.
Savaria (TSE:SIS – Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share (EPS) for the quarter. Savaria had a return on equity of 11.10% and a net margin of 7.53%.The firm had revenue of C$241.78 million during the quarter. As a group, sell-side analysts forecast that Savaria will post 1.2048518 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Jean-Philippe De Montigny bought 2,420 shares of Savaria stock in a transaction on Friday, March 20th. The shares were bought at an average price of C$25.50 per share, with a total value of C$61,710.00. Following the acquisition, the insider directly owned 92,260 shares in the company, valued at approximately C$2,352,630. This represents a 2.69% increase in their position. 17.45% of the stock is currently owned by corporate insiders.
About Savaria
Savaria Corporation ( savaria.com ) is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.