Savaria (TSE:SIS) Reaches New 52-Week High Following Analyst Upgrade

Savaria Co. (TSE:SIS)’s stock price reached a new 52-week high during trading on Thursday after National Bank Financial raised their price target on the stock from C$30.50 to C$37.00. National Bank Financial currently has an outperform rating on the stock. Savaria traded as high as C$30.49 and last traded at C$30.43, with a volume of 12433 shares traded. The stock had previously closed at C$30.11.

SIS has been the subject of a number of other reports. ATB Cormark Capital Markets lifted their price target on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Scotiabank lifted their target price on Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. TD lifted their target price on Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Desjardins lifted their target price on Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Scotia lifted their target price on 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. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$33.33.

Insider Buying and Selling

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

Savaria Stock Performance

The stock has a market cap of C$2.18 billion, a P/E ratio of 31.57, a PEG ratio of 42.72 and a beta of 0.86. The company has a fifty day moving average of C$26.59 and a 200 day moving average of C$24.06. The company has a debt-to-equity ratio of 32.13, a current ratio of 1.61 and a quick ratio of 0.91.

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

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.