National Bank Financial Forecasts Strong Price Appreciation for Savaria (TSE:SIS) Stock

Savaria (TSE:SIS) had its price objective lifted by National Bank Financial from C$30.00 to C$30.50 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 17.53% from the stock’s previous close.

Several other equities research analysts also recently commented on SIS. Desjardins increased their price objective on Savaria from C$27.00 to C$32.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus lifted their price objective on shares of Savaria from C$28.00 to C$29.00 and gave the company a “buy” rating in a research report on Friday. Scotiabank upped their target price on shares of Savaria from C$25.00 to C$26.00 in a report on Monday, November 10th. Finally, TD Securities upped their price objective on Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$30.93.

Savaria Stock Down 1.7%

Shares of TSE SIS traded down C$0.46 during midday trading on Friday, reaching C$25.95. The company’s stock had a trading volume of 352,468 shares, compared to its average volume of 173,182. The stock has a 50 day simple moving average of C$24.59 and a 200-day simple moving average of C$22.49. The company has a current ratio of 1.84, a quick ratio of 0.91 and a debt-to-equity ratio of 40.69. Savaria has a fifty-two week low of C$14.97 and a fifty-two week high of C$26.42. The stock has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 42.72 and a beta of 1.14.

Savaria (TSE:SIS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$0.37 EPS for the quarter. Savaria had a net margin of 6.90% and a return on equity of 10.24%. The company had revenue of C$241.78 million during the quarter. Equities research analysts predict that Savaria will post 1.2048518 earnings per share for the current 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.