Savaria (TSE:SIS) Price Target Raised to C$32.00 at ATB Cormark Capital Markets

Savaria (TSE:SIS) had its price target hoisted by equities research analysts at ATB Cormark Capital Markets from C$30.00 to C$32.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 23.74% from the company’s current price.

Several other analysts have also recently commented on the stock. Stifel Nicolaus raised 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 note on Friday. National Bank Financial increased their target price on shares of Savaria from C$30.00 to C$30.50 and gave the company an “outperform” rating in a report on Friday. Desjardins boosted their price target on Savaria from C$27.00 to C$32.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James Financial raised their price objective on Savaria from C$27.00 to C$32.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Scotiabank boosted their target price on Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Savaria has an average rating of “Buy” and a consensus target price of C$30.93.

Savaria Price Performance

Shares of Savaria stock traded down C$0.55 during trading on Friday, reaching C$25.86. The company’s stock had a trading volume of 356,768 shares, compared to its average volume of 173,628. The business has a 50 day moving average price of C$24.59 and a 200-day moving average price of C$22.49. Savaria has a 12-month low of C$14.97 and a 12-month high of C$26.42. The company has a market capitalization of C$1.85 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 42.72 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 1.84 and a debt-to-equity ratio of 40.69.

Savaria (TSE:SIS) last released its quarterly earnings data on Wednesday, March 4th. The company reported C$0.37 earnings per share (EPS) for the quarter. The firm 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, sell-side analysts anticipate that Savaria 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.