Savaria (TSE:SIS) Price Target Raised to C$31.00

Savaria (TSE:SIS) had its price objective lifted by Stifel Nicolaus from C$29.00 to C$31.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. TD Securities lifted 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. Scotiabank lifted their price target on Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, March 6th. ATB Cormark Capital Markets lifted their price target on 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 price target on Savaria from C$30.00 to C$30.50 and gave the company an “outperform” rating in a report on Friday, March 6th. Finally, Raymond James Financial lifted their price target on Savaria from C$27.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Savaria presently has a consensus rating of “Buy” and a consensus target price of C$31.21.

Savaria Trading Up 3.0%

Shares of TSE SIS opened at C$30.17 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 32.13. The business has a fifty day simple moving average of C$25.81 and a two-hundred day simple moving average of C$23.50. The firm has a market cap of C$2.17 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 42.72 and a beta of 0.86. Savaria has a twelve month low of C$15.35 and a twelve month high of C$30.21.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share for the quarter. The business had revenue of C$241.78 million during the quarter. Savaria had a return on equity of 11.10% and a net margin of 7.53%. Analysts expect that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jean-Philippe De Montigny purchased 2,420 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of C$25.50 per share, for a total transaction of C$61,710.00. Following the acquisition, the insider owned 92,260 shares of the company’s stock, valued at C$2,352,630. The trade was a 2.69% increase in their position. Corporate insiders own 17.45% of the company’s stock.

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.