Savaria’s (SIS) “Buy” Rating Reiterated at Stifel Nicolaus

Savaria (TSE:SISGet Rating)‘s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a research note issued on Thursday, TipRanks reports. They currently have a C$25.00 price target on the stock. Stifel Nicolaus’ target price points to a potential upside of 56.05% from the stock’s previous close.

A number of other brokerages have also recently weighed in on SIS. National Bank Financial cut their price objective on shares of Savaria from C$24.50 to C$23.50 and set an “outperform” rating on the stock in a report on Friday, March 25th. TD Securities cut their price target on shares of Savaria from C$26.00 to C$22.00 and set a “buy” rating on the stock in a report on Friday, March 25th. National Bankshares cut their price target on shares of Savaria from C$24.50 to C$23.50 and set an “outperform” rating on the stock in a report on Friday, March 25th. Finally, Desjardins reiterated a “buy” rating on shares of Savaria in a report on Friday, March 25th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Savaria currently has a consensus rating of “Buy” and an average target price of C$24.10.

Shares of SIS opened at C$16.02 on Thursday. The stock has a market cap of C$1.03 billion and a PE ratio of 85.67. The company has a debt-to-equity ratio of 99.72, a quick ratio of 1.04 and a current ratio of 1.93. Savaria has a fifty-two week low of C$16.00 and a fifty-two week high of C$22.63. The firm’s 50-day simple moving average is C$17.56 and its two-hundred day simple moving average is C$18.64.

Savaria (TSE:SISGet Rating) last announced its quarterly earnings data on Wednesday, March 23rd. The company reported C$0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.23 by C($0.13). The business had revenue of C$189.53 million for the quarter, compared to analyst estimates of C$182.35 million. Equities research analysts predict that Savaria will post 0.96 EPS for the current year.

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 30th. The stock was sold at an average price of C$17.48, for a total value of C$437,075.00. Following the completion of the sale, the director now directly owns 125,000 shares in the company, valued at approximately C$2,185,375.

About Savaria (Get Rating)

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Patient Care, and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts for commercial and residential applications, and accessibility and home elevators.

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