Savaria (TSE:SIS) Stock Price Expected to Rise, Scotiabank Analyst Says

Savaria (TSE:SIS) had its target price hoisted by stock analysts at Scotiabank from C$29.00 to C$30.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 15.61% from the stock’s current price.

A number of other research analysts have also recently commented on SIS. Stifel Nicolaus raised their price target on shares of Savaria from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James Financial raised their target price on Savaria from C$27.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday. Desjardins increased their price objective on Savaria from C$27.00 to C$32.00 and gave the stock a “buy” rating in a research note on Friday. National Bank Financial boosted 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. Finally, TD Securities upped their target price on shares of Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, Savaria has a consensus rating of “Buy” and a consensus target price of C$30.93.

Savaria Stock Performance

SIS traded down C$0.46 during trading on Friday, reaching C$25.95. 352,468 shares of the company’s stock were exchanged, compared to its average volume of 173,182. Savaria has a fifty-two week low of C$14.97 and a fifty-two week high of C$26.42. The company has a quick ratio of 0.91, a current ratio of 1.84 and a debt-to-equity ratio of 40.69. The business has a 50 day moving average price of C$24.59 and a 200 day moving average price of C$22.49. The company has a market capitalization of C$1.86 billion, a P/E ratio of 29.83, a PEG ratio of 42.72 and a beta of 1.14.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.37 earnings per share (EPS) for the quarter. The company had revenue of C$241.78 million during the quarter. Savaria had a net margin of 6.90% and a return on equity of 10.24%. As a group, analysts predict that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Savaria Company Profile

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.