Savaria (TSE:SIS) Hits New 12-Month High – Time to Buy?

Savaria Co. (TSE:SIS) shares hit a new 52-week high on Monday . The company traded as high as C$25.91 and last traded at C$25.61, with a volume of 87556 shares trading hands. The stock had previously closed at C$25.15.

Analysts Set New Price Targets

A number of research firms have commented on SIS. TD Securities upped their price target on Savaria from C$24.00 to C$27.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. National Bankshares raised their price objective on shares of Savaria from C$26.00 to C$30.00 in a research note on Monday, December 22nd. 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 report on Wednesday, January 14th. Finally, Scotiabank increased their price objective on Savaria from C$25.00 to C$26.00 in a research note on Monday, November 10th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$26.67.

Savaria Trading Up 1.6%

The business’s 50-day moving average is C$22.43 and its two-hundred day moving average is C$21.33. 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 capitalization of C$1.83 billion, a PE ratio of 29.36, a PEG ratio of 42.72 and a beta of 1.03.

Savaria (TSE:SIS) last released its quarterly 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 for the quarter. Savaria had a return on equity of 8.24% and a net margin of 5.34%. On average, analysts anticipate that Savaria Co. will post 1.2048518 earnings per share for the current fiscal 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.