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

Savaria (TSE:SIS) had its price objective hoisted by Stifel Nicolaus from C$29.00 to C$31.00 in a report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on SIS. Scotiabank raised their price target on Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Raymond James Financial raised their price target on Savaria from C$27.00 to C$32.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. ATB Cormark Capital Markets raised their price target on Savaria from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. National Bank Financial raised their price target on Savaria from C$30.00 to C$30.50 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, TD Securities raised their price target on Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$31.21.

Savaria Trading Up 3.7%

Shares of SIS stock opened at C$28.64 on Wednesday. Savaria has a fifty-two week low of C$15.06 and a fifty-two week high of C$28.87. The stock has a market cap of C$2.05 billion, a P/E ratio of 29.83, a P/E/G ratio of 42.72 and a beta of 0.86. The business has a fifty day simple moving average of C$25.58 and a 200-day simple moving average of C$23.40. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 32.13.

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 return on equity of 11.10% and a net margin of 7.53%.The business had revenue of C$241.78 million during the quarter. On average, analysts forecast that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jean-Philippe De Montigny acquired 2,420 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of C$25.50 per share, for a total transaction of C$61,710.00. Following the transaction, the insider owned 92,260 shares in the company, valued at C$2,352,630. This trade represents a 2.69% increase in their position. Corporate insiders own 17.45% of the company’s stock.

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.