Desjardins Forecasts Strong Price Appreciation for Savaria (TSE:SIS) Stock

Savaria (TSE:SIS) had its price target lifted by Desjardins from C$27.00 to C$32.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 23.31% from the company’s current price.

A number of other analysts have also recently commented on the company. National Bank Financial boosted their price objective on Savaria from C$26.00 to C$30.00 in a research report on Monday, December 22nd. Stifel Nicolaus boosted their target price on shares of Savaria from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research note on Friday. Scotiabank raised their price target on shares of Savaria from C$25.00 to C$26.00 in a research note on Monday, November 10th. Finally, TD Securities lifted their price target on Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$30.93.

Savaria Stock Performance

Savaria stock traded down C$0.46 during midday trading on Friday, hitting C$25.95. 352,468 shares of the company were exchanged, compared to its average volume of 173,182. Savaria has a fifty-two week low of C$14.97 and a fifty-two week high of C$26.42. The firm has a market capitalization of C$1.86 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 42.72 and a beta of 1.14. The business has a fifty day simple moving average of C$24.59 and a two-hundred day simple moving average of C$22.49. The company has a debt-to-equity ratio of 40.69, a quick ratio of 0.91 and a current ratio of 1.84.

Savaria (TSE:SIS) last issued 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 business had revenue of C$241.78 million for the quarter. On average, sell-side analysts forecast 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.