TD Issues Positive Forecast for Savaria (TSE:SIS) Stock Price

Savaria (TSE:SIS) had its target price boosted by TD from C$31.00 to C$35.00 in a research report report published on Wednesday morning,BayStreet.CA reports. TD currently has a buy rating on the stock.

Several other equities analysts have also recently commented on SIS. TD Securities lifted their target price on shares of Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Scotiabank lifted their target price on shares of Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Raymond James Financial lifted their target price on shares of Savaria from C$27.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. ATB Cormark Capital Markets lifted their target price on shares of Savaria from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, National Bank Financial lifted their price target on shares of Savaria from C$30.00 to C$30.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$32.19.

Savaria Price Performance

Savaria stock opened at C$28.78 on Wednesday. Savaria has a 52 week low of C$16.11 and a 52 week high of C$30.41. The company’s 50 day moving average price is C$26.08 and its two-hundred day moving average price is C$23.71. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 32.13. The stock has a market cap of C$2.07 billion, a P/E ratio of 29.98, a P/E/G ratio of 42.72 and a beta of 0.86.

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

Insider Activity at Savaria

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

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.