Savaria (TSE:SIS) Reaches New 52-Week High Following Analyst Upgrade

Savaria Co. (TSE:SIS)’s share price reached a new 52-week high on Monday after National Bankshares raised their price target on the stock from C$26.00 to C$30.00. The stock traded as high as C$22.98 and last traded at C$22.98, with a volume of 77293 shares traded. The stock had previously closed at C$22.02.

Several other research analysts also recently issued reports on the stock. Scotiabank upped their target price on shares of Savaria from C$25.00 to C$26.00 in a research note on Monday, November 10th. TD Securities lifted their target price on Savaria from C$24.00 to C$27.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Savaria presently has a consensus rating of “Buy” and an average target price of C$26.17.

Savaria Stock Performance

The company has a market cap of C$1.66 billion, a PE ratio of 26.66, a P/E/G ratio of 42.72 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11. The business’s fifty day moving average is C$21.80 and its 200-day moving average is C$20.77.

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