Savaria (TSE:SIS) Stock Price Expected to Rise, TD Analyst Says

Savaria (TSE:SIS) had its target price increased by equities researchers at TD from C$31.00 to C$35.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 22.42% from the company’s current price.

SIS has been the subject of several other reports. Stifel Nicolaus raised their price objective on shares of Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. TD Securities lifted their price target 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. Desjardins boosted their price target on Savaria from C$27.00 to C$32.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. ATB Cormark Capital Markets boosted their price objective on shares of Savaria from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Finally, Scotiabank upped their price objective 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. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Savaria currently has a consensus rating of “Buy” and an average price target of C$32.61.

Savaria Stock Performance

Savaria stock opened at C$28.59 on Wednesday. Savaria has a 1-year low of C$16.13 and a 1-year high of C$30.41. 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 firm has a 50-day moving average of C$26.16 and a 200-day moving average of C$23.74. The firm has a market cap of C$2.06 billion, a P/E ratio of 29.78, a P/E/G ratio of 42.72 and a beta of 0.86.

Savaria (TSE:SIS) last released its quarterly earnings data 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. Sell-side analysts expect that Savaria will post 1.2048518 EPS for the current year.

Insider Activity

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

Savaria News Roundup

Here are the key news stories impacting Savaria this week:

• Positive Sentiment: Desjardins raised its price target to C$35.00 and kept a “buy” rating — about a 22.8% upside from current levels. BayStreet.CA
• Positive Sentiment: Scotia raised its target to C$33.00 and set a “sector outperform” rating — ~15.7% implied upside. BayStreet.CA
• Positive Sentiment: ATB Cormark Capital Markets bumped its target to C$35.00 and kept an “outperform” call — ~21.6% upside. BayStreet.CA
• Positive Sentiment: Raymond James raised its target to C$33.00 and maintained an “outperform” rating — ~14.7% implied upside. BayStreet.CA
• Positive Sentiment: TD increased its target to C$35.00 and kept a “buy” rating — ~21.6% upside; coverage also noted on TickerReport. BayStreet.CA TickerReport

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.