Savaria (TSE:SIS) PT Raised to C$23.00

Savaria (TSE:SIS - Get Free Report) had its price objective increased by investment analysts at TD Securities from C$21.00 to C$23.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 37.40% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. Raymond James increased their target price on shares of Savaria from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research report on Friday, March 8th. Scotiabank increased their target price on shares of Savaria from C$17.00 to C$21.50 and gave the company an "outperform" rating in a research report on Friday, March 8th. National Bankshares raised their price target on shares of Savaria from C$19.50 to C$20.50 and gave the stock an "outperform" rating in a report on Thursday, March 7th. Stifel Nicolaus decreased their price target on shares of Savaria from C$25.00 to C$23.00 and set a "buy" rating for the company in a report on Friday, March 8th. Finally, Cormark raised their price target on shares of Savaria from C$18.00 to C$21.00 in a report on Friday, March 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$21.64.

Savaria Stock Up 0.1 %

TSE:SIS traded up C$0.02 during midday trading on Friday, reaching C$16.74. 55,675 shares of the stock traded hands, compared to its average volume of 57,639. Savaria has a 12-month low of C$12.21 and a 12-month high of C$17.70. The business has a 50-day moving average of C$16.59 and a two-hundred day moving average of C$15.18. The company has a debt-to-equity ratio of 58.17, a quick ratio of 0.91 and a current ratio of 1.98. The stock has a market capitalization of C$1.19 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 42.72 and a beta of 0.85.

Savaria (TSE:SIS - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported C$0.19 EPS for the quarter, beating analysts' consensus estimates of C$0.18 by C$0.01. Savaria had a net margin of 4.52% and a return on equity of 7.55%. The company had revenue of C$216.84 million during the quarter, compared to analysts' expectations of C$214.78 million. On average, equities analysts forecast that Savaria will post 0.7945271 earnings per share for the current fiscal year.

Insider Transactions at Savaria

In other Savaria news, Senior Officer Jean-Philippe De Montigny acquired 17,980 shares of the business's stock in a transaction dated Thursday, January 18th. The shares were purchased at an average price of C$14.94 per share, for a total transaction of C$268,621.20. Company insiders own 19.86% of the company's stock.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.