Savaria (TSE:SIS) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Savaria Co. (TSE:SIS) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$25.12 and traded as high as C$25.96. Savaria shares last traded at C$25.54, with a volume of 151,048 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on SIS shares. ATB Cormark Capital Markets boosted their target price on Savaria from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Scotiabank raised 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. Desjardins lifted their price target on Savaria from C$27.00 to C$32.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Stifel Nicolaus upped their price objective on Savaria from C$28.00 to C$29.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, TD Securities increased their price objective on Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$30.93.

Savaria Stock Performance

The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 32.13. The stock’s 50 day moving average is C$25.12 and its 200 day moving average is C$22.90. The stock has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 42.72 and a beta of 1.14.

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

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.