Savaria (TSE:SIS) Price Target Raised to C$28.00 at Stifel Nicolaus

Savaria (TSE:SIS) had its target price raised by research analysts at Stifel Nicolaus from C$26.00 to C$28.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 13.68% from the company’s current price.

Several other analysts also recently issued reports on SIS. Scotiabank lifted their target price on Savaria from C$25.00 to C$26.00 in a research note on Monday, November 10th. TD Securities lifted their price objective on shares of Savaria from C$24.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, National Bankshares boosted their target price on shares of Savaria from C$26.00 to C$30.00 in a report on Monday, December 22nd. Six analysts have rated the stock with a Buy rating, According to MarketBeat, Savaria presently has a consensus rating of “Buy” and a consensus price target of C$26.67.

Savaria Price Performance

Shares of SIS traded up C$0.66 during trading hours on Wednesday, reaching C$24.63. 136,598 shares of the stock traded hands, compared to its average volume of 102,204. The company has a market cap of C$1.76 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11. The company’s 50-day moving average price is C$22.25 and its two-hundred day moving average price is C$21.22. Savaria has a 52-week low of C$14.97 and a 52-week high of C$25.19.

Savaria (TSE:SIS) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. Savaria had a return on equity of 8.24% and a net margin of 5.34%.The business had revenue of C$224.77 million during the quarter. On average, analysts anticipate that Savaria will post 1.2048518 earnings per share for the current year.

Savaria Company Profile

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions. The Accessibility segment deals with manufacturing, designing, installing, and distributing elevators, platform lifts, and stairlifts for people with mobility challenges. The Adapted Vehicle segment adapts vans to be wheelchair accessible for people with mobility challenges.