Scotiabank Increases Savaria (TSE:SIS) Price Target to C$22.00

Savaria (TSE:SIS) had its price target raised by Scotiabank from C$21.50 to C$22.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 27.31% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Cormark lifted their price target on Savaria from C$18.00 to C$21.00 in a report on Friday, March 8th. TD Securities lifted their target price on Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Raymond James raised their price target on shares of Savaria from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Desjardins upped their price objective on shares of Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Stifel Nicolaus decreased their target price on shares of Savaria from C$25.00 to C$23.00 and set a “buy” rating for the company in a research note on Friday, March 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Savaria has an average rating of “Buy” and a consensus price target of C$22.64.

Savaria Stock Performance

Shares of SIS opened at C$17.28 on Friday. Savaria has a one year low of C$12.21 and a one year high of C$17.92. The company has a 50-day moving average of C$16.73 and a two-hundred day moving average of C$15.65. The company has a debt-to-equity ratio of 58.17, a current ratio of 1.98 and a quick ratio of 0.91. The stock has a market cap of C$1.23 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 42.72 and a beta of 0.88.

Savaria (TSE:SIS) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.01. Savaria had a net margin of 4.52% and a return on equity of 7.55%. The firm had revenue of C$216.84 million for the quarter, compared to analysts’ expectations of C$214.78 million. On average, equities research analysts expect that Savaria will post 0.7950398 earnings per share for the current year.

About Savaria

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.