Stifel Nicolaus Issues Positive Forecast for Savaria (TSE:SIS) Stock Price

Savaria (TSE:SIS) had its target price upped by Stifel Nicolaus from C$26.00 to C$28.00 in a research report released on Wednesday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

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

Savaria Price Performance

Shares of TSE SIS opened at C$24.55 on Wednesday. The company has a market capitalization of C$1.76 billion, a PE ratio of 28.22, a PEG ratio of 42.72 and a beta of 1.03. 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’s 50 day moving average price is C$22.30 and its 200-day moving average price is C$21.24. Savaria has a twelve month low of C$14.97 and a twelve month high of C$25.19.

Savaria (TSE:SIS) last posted its earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share for the quarter. Savaria had a net margin of 5.34% and a return on equity of 8.24%. The firm had revenue of C$224.77 million during the quarter. On average, equities analysts anticipate that Savaria 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.