Savaria (TSE:SIS) Stock Price Up 4.9% - Still a Buy?

Key Points

• Shares of Savaria jumped 4.9% to C$25.52 on Thursday, with 165,823 shares traded—slightly above the average session volume.
• Analysts have raised price targets and maintain a consensus Buy rating, with an average target of C$26.67 and top targets reaching C$30.00.
• Latest quarter showed C$0.37 EPS on C$241.78M revenue; the stock carries a P/E of 29.78 and a market cap of C$1.85 billion.

Shares of Savaria Co. (TSE:SIS - Get Free Report) shot up 4.9% on Thursday . The company traded as high as C$25.62 and last traded at C$25.52. 165,823 shares were traded during trading, an increase of 6% from the average session volume of 156,380 shares. The stock had previously closed at C$24.32.

Analysts Set New Price Targets

Several brokerages have issued reports on SIS. Scotiabank boosted their target price on Savaria from C$25.00 to C$26.00 in a research report on Monday, November 10th. National Bank Financial boosted their price objective on Savaria from C$26.00 to C$30.00 in a report on Monday, December 22nd. TD Securities upped their price objective on Savaria from C$24.00 to C$27.00 and gave the company a "buy" rating in a research report on Thursday, November 6th. Finally, Stifel Nicolaus increased their target price on Savaria from C$26.00 to C$28.00 and gave the stock a "buy" rating in a research note on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$26.67.

Savaria Price Performance

The stock has a 50-day moving average price of C$24.53 and a two-hundred day moving average price of C$22.47. The company has a current ratio of 1.84, a quick ratio of 0.91 and a debt-to-equity ratio of 40.69. The stock has a market cap of C$1.85 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 42.72 and a beta of 1.04.

Savaria (TSE:SIS - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$0.37 EPS for the quarter. The company had revenue of C$241.78 million during the quarter. Savaria had a return on equity of 10.24% and a net margin of 6.90%. As a group, equities research analysts forecast that Savaria Co. 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.

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