Savaria (TSE:SIS) Stock Price Expected to Rise, National Bank Financial Analyst Says

Savaria (TSE:SIS) had its price objective upped by equities research analysts at National Bank Financial from C$30.50 to C$37.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 22.76% from the company’s previous close.

SIS has been the topic of a number of other research reports. TD boosted their price objective on Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. ATB Cormark Capital Markets boosted their price objective on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Raymond James Financial boosted their price objective on Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Scotia boosted their price objective on Savaria from C$30.00 to C$33.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 16th. Finally, Stifel Nicolaus boosted their price objective on Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$33.33.

Savaria Price Performance

SIS stock traded up C$1.18 during trading on Wednesday, hitting C$30.14. The company had a trading volume of 118,270 shares, compared to its average volume of 183,884. The company has a fifty day moving average price of C$26.38 and a two-hundred day moving average price of C$23.97. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 32.13. The company has a market cap of C$2.17 billion, a P/E ratio of 31.40, a P/E/G ratio of 42.72 and a beta of 0.86. Savaria has a fifty-two week low of C$16.77 and a fifty-two week high of C$30.41.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.37 EPS for the quarter. The business had revenue of C$241.78 million for the quarter. Savaria had a return on equity of 11.10% and a net margin of 7.53%. Equities research analysts expect that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jean-Philippe De Montigny purchased 2,420 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of C$25.50 per share, with a total value of C$61,710.00. Following the completion of the purchase, the insider directly owned 92,260 shares of the company’s stock, valued at C$2,352,630. The trade was a 2.69% increase in their position. 17.45% of the stock is owned by company insiders.

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.