Savaria (TSE:SIS) Hits New 12-Month High – Here’s Why

Savaria Co. (TSE:SIS)’s share price hit a new 52-week high on Monday . The company traded as high as C$22.98 and last traded at C$22.98, with a volume of 77293 shares changing hands. The stock had previously closed at C$22.02.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SIS shares. TD Securities lifted their price objective on Savaria from C$24.00 to C$27.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Scotiabank lifted their price target on shares of Savaria from C$25.00 to C$26.00 in a research report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$25.50.

Savaria Price Performance

The company has a debt-to-equity ratio of 54.11, a current ratio of 1.97 and a quick ratio of 0.91. The business has a fifty day moving average of C$21.72 and a 200 day moving average of C$20.71. The stock has a market cap of C$1.65 billion, a PE ratio of 26.47, a P/E/G ratio of 42.72 and a beta of 1.11.

Savaria (TSE:SIS) last released its earnings results on Wednesday, November 5th. The company reported C$0.32 EPS for the quarter. The company had revenue of C$224.77 million during the quarter. Savaria had a return on equity of 8.24% and a net margin of 5.34%. Sell-side analysts anticipate that Savaria Co. 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.