National Bank Financial Raises Savaria (TSE:SIS) Price Target to C$37.00

Savaria (TSE:SIS) had its price objective hoisted by investment analysts at National Bank Financial from C$30.50 to C$37.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 22.07% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Raymond James Financial increased their target price on Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets boosted their price target on shares of Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Desjardins upped their price objective on shares of Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Scotia raised their price objective on shares of Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 16th. Finally, TD Securities lifted their price objective on shares of Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$33.33.

Savaria Stock Up 0.7%

SIS stock opened at C$30.31 on Wednesday. The stock’s 50 day simple moving average is C$26.59 and its 200 day simple moving average is C$24.06. The company has a market cap of C$2.18 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 42.72 and a beta of 0.86. The company has a debt-to-equity ratio of 32.13, a quick ratio of 0.91 and a current ratio of 1.61. Savaria has a fifty-two week low of C$16.86 and a fifty-two week high of C$30.49.

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

Insiders Place Their Bets

In other news, insider Jean-Philippe De Montigny acquired 2,420 shares of Savaria stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of C$25.50 per share, with a total value of C$61,710.00. Following the transaction, the insider owned 92,260 shares of the company’s stock, valued at approximately C$2,352,630. This trade represents a 2.69% increase in their position. Company 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.