Savaria (TSE:SIS) Given New C$21.00 Price Target at National Bankshares

Savaria (TSE:SIS) had its target price increased by National Bankshares from C$20.50 to C$21.00 in a research note issued on Thursday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 17.91% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Scotiabank upped their price target on Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating in a research report on Friday, March 8th. Raymond James boosted their price target on shares of Savaria from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Desjardins raised their price objective on shares of Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. TD Securities boosted their target price on shares of Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Cormark raised their price target on shares of Savaria from C$18.00 to C$21.00 in a report on Friday, March 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$21.71.

Savaria Price Performance

SIS stock traded up C$0.85 during trading on Thursday, hitting C$17.81. The stock had a trading volume of 344,447 shares, compared to its average volume of 62,651. The company’s 50-day moving average price is C$16.69 and its two-hundred day moving average price is C$15.60. Savaria has a twelve month low of C$12.21 and a twelve month high of C$17.82. The stock has a market capitalization of C$1.26 billion, a P/E ratio of 30.91, a PEG ratio of 42.72 and a beta of 0.88. The company has a debt-to-equity ratio of 58.17, a current ratio of 1.98 and a quick ratio of 0.91.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, March 6th. The company reported C$0.19 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. The business had revenue of C$216.84 million during the quarter, compared to analysts’ expectations of C$214.78 million. Savaria had a net margin of 4.52% and a return on equity of 7.55%. As a group, research analysts predict that Savaria will post 0.7950398 EPS for the current fiscal year.

About Savaria

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.