Savaria Co. (TSE:SIS) Receives C$30.93 Average PT from Brokerages

Savaria Co. (TSE:SIS) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have covered the stock in the last year is C$30.93.

A number of research firms have recently issued reports on SIS. Desjardins increased their target price 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. Scotiabank upped their price target on Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. TD Securities increased their price objective on shares of Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Raymond James Financial lifted their price objective on shares of Savaria from C$27.00 to C$32.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Savaria from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th.

Savaria Stock Performance

Shares of SIS stock opened at C$26.17 on Friday. The company’s fifty day simple moving average is C$25.23 and its 200-day simple moving average is C$23.05. Savaria has a 52 week low of C$14.97 and a 52 week high of C$26.45. 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 company has a market cap of C$1.88 billion, a PE ratio of 27.26, a P/E/G ratio of 42.72 and a beta of 1.14.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share for the quarter. Savaria had a net margin of 7.53% and a return on equity of 11.10%. The firm had revenue of C$241.78 million during the quarter. As a group, equities research analysts anticipate that Savaria will post 1.2048518 EPS 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.