Savaria (TSE:SIS) Hits New 52-Week High – Still a Buy?

Savaria Co. (TSE:SIS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$26.42 and last traded at C$26.32, with a volume of 91861 shares trading hands. The stock had previously closed at C$25.81.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SIS. ATB Cormark Capital Markets increased their price objective on shares of Savaria from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday, March 6th. National Bank Financial lifted their target price on Savaria from C$30.00 to C$30.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Desjardins boosted 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. Raymond James Financial increased their price target on Savaria from C$27.00 to C$32.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, TD Securities raised their price target on Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$30.93.

Savaria Price Performance

The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 32.13. The firm’s 50-day moving average price is C$25.21 and its 200-day moving average price is C$22.98. The stock has a market capitalization of C$1.88 billion, a PE ratio of 27.26, a PEG ratio of 42.72 and a beta of 1.14.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$0.37 EPS for the quarter. Savaria had a return on equity of 11.10% and a net margin of 7.53%.The company had revenue of C$241.78 million during the quarter. On average, equities analysts forecast that Savaria Co. will post 1.2048518 EPS for the current fiscal year.

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.