Savaria (TSE:SIS) Hits New 12-Month High – Should You Buy?

Savaria Co. (TSE:SIS)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$24.02 and last traded at C$24.01, with a volume of 169826 shares trading hands. The stock had previously closed at C$23.86.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SIS shares. TD Securities lifted their target price 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. National Bankshares raised their price target on shares of Savaria from C$26.00 to C$30.00 in a report on Monday, December 22nd. Scotiabank boosted their price objective on shares of Savaria from C$25.00 to C$26.00 in a research report on Monday, November 10th. Finally, Stifel Nicolaus increased their target price on shares of Savaria from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$26.67.

Savaria Stock Performance

The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11. The stock has a market cap of C$1.76 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The firm’s 50-day moving average is C$22.30 and its two-hundred day moving average is C$21.24.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 EPS for the quarter. Savaria had a net margin of 5.34% and a return on equity of 8.24%. The company had revenue of C$224.77 million for the quarter. As a group, research analysts expect that Savaria Co. will post 1.2048518 EPS for the current year.

About Savaria

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.