Savaria (TSE:SIS) Sets New 12-Month High – What’s Next?

Savaria Co. (TSE:SIS)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$25.91 and last traded at C$25.61, with a volume of 87556 shares. The stock had previously closed at C$25.15.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SIS shares. Scotiabank upped their price target on Savaria from C$25.00 to C$26.00 in a report on Monday, November 10th. National Bankshares raised their price target on shares of Savaria from C$26.00 to C$30.00 in a report on Monday, December 22nd. TD Securities lifted their target price on shares of Savaria from C$24.00 to C$27.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Savaria from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Savaria has a consensus rating of “Buy” and an average target price of C$26.67.

Savaria Stock Down 1.5%

The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11. The firm has a 50 day moving average price of C$22.56 and a 200-day moving average price of C$21.41. The firm has a market cap of C$1.82 billion, a PE ratio of 29.26, a PEG ratio of 42.72 and a beta of 1.03.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share for the quarter. Savaria had a return on equity of 8.24% and a net margin of 5.34%.The business had revenue of C$224.77 million for the quarter. Research analysts forecast 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.