National Bank Financial Trims Savaria (SIS) Target Price to C$17.00

Savaria (TSE:SIS) had its price target lowered by equities research analysts at National Bank Financial from C$17.50 to C$17.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 25.93% from the company’s current price.

Several other research analysts also recently issued reports on the company. Desjardins lowered their price objective on Savaria from C$20.00 to C$16.00 in a research note on Thursday, February 21st. Laurentian decreased their target price on shares of Savaria from C$20.00 to C$16.50 in a research report on Thursday, February 21st. Finally, Eight Capital set a C$15.00 target price on shares of Savaria in a research report on Tuesday.

Shares of Savaria stock traded down C$0.10 on Friday, hitting C$13.50. The stock had a trading volume of 145,676 shares, compared to its average volume of 190,950. Savaria has a twelve month low of C$11.41 and a twelve month high of C$20.95. The company has a debt-to-equity ratio of 51.40, a current ratio of 1.99 and a quick ratio of 0.91. The company has a market capitalization of $632.63 million and a P/E ratio of 33.80.

Savaria (TSE:SIS) last released its quarterly earnings data on Wednesday, May 15th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.09. The firm had revenue of C$87.48 million during the quarter, compared to analyst estimates of C$85.35 million. Equities analysts anticipate that Savaria will post 0.6800000424337 EPS for the current year.

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$13.27, for a total transaction of C$331,747.50. Following the completion of the sale, the director now owns 125,000 shares of the company’s stock, valued at approximately C$1,658,737.50.

Savaria Company Profile

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.

Further Reading: Momentum Investing

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