Savaria (TSE:SIS) Hits New 12-Month High – Time to Buy?

Savaria Co. (TSE:SIS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$23.50 and last traded at C$23.21, with a volume of 21500 shares traded. The stock had previously closed at C$23.20.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SIS. TD Securities lifted their price objective on shares of Savaria from C$24.00 to C$27.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Scotiabank raised their price target on shares of Savaria from C$25.00 to C$26.00 in a research report on Monday, November 10th. Finally, National Bankshares upped their price objective on Savaria from C$26.00 to C$30.00 in a research report on Monday, December 22nd. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$26.17.

Savaria Stock Up 1.0%

The company has a debt-to-equity ratio of 54.11, a current ratio of 1.97 and a quick ratio of 0.91. The company has a market cap of C$1.68 billion, a PE ratio of 26.93, a P/E/G ratio of 42.72 and a beta of 1.03. The business’s 50 day moving average is C$22.13 and its 200-day moving average is C$21.09.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.32 EPS for the quarter. Savaria had a net margin of 5.34% and a return on equity of 8.24%. The company had revenue of C$224.77 million for the quarter. As a group, analysts predict that Savaria Co. will post 1.2048518 EPS for the current year.

About Savaria

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions. The Accessibility segment deals with manufacturing, designing, installing, and distributing elevators, platform lifts, and stairlifts for people with mobility challenges. The Adapted Vehicle segment adapts vans to be wheelchair accessible for people with mobility challenges.