Savaria (TSE:SIS) Sets New 1-Year High After Analyst Upgrade

Savaria Co. (TSE:SIS) hit a new 52-week high on Friday after TD Securities raised their price target on the stock from C$27.00 to C$31.00. TD Securities currently has a buy rating on the stock. Savaria traded as high as C$26.42 and last traded at C$26.41, with a volume of 636433 shares. The stock had previously closed at C$24.32.

Several other research firms have also commented on SIS. Scotiabank boosted their price target on Savaria from C$25.00 to C$26.00 in a research report on Monday, November 10th. Stifel Nicolaus upped their price target on shares of Savaria from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, National Bank Financial increased their target price on shares of Savaria from C$26.00 to C$30.00 in a research note on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Savaria presently has a consensus rating of “Buy” and an average target price of C$27.33.

Savaria Stock Performance

The company has a market cap of C$1.89 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 42.72 and a beta of 1.04. The stock has a 50 day moving average price of C$24.59 and a two-hundred day moving average price of C$22.49. The company has a current ratio of 1.84, a quick ratio of 0.91 and a debt-to-equity ratio of 40.69.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share (EPS) for the quarter. The company had revenue of C$241.78 million during the quarter. Savaria had a return on equity of 10.24% and a net margin of 6.90%. Analysts predict that Savaria Co. will post 1.2048518 EPS for the current year.

Savaria Company Profile

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.