Savaria (TSE:SIS) Given New C$31.00 Price Target at TD Securities

Savaria (TSE:SIS) had its price objective hoisted by TD Securities from C$27.00 to C$31.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

SIS has been the subject of several other research reports. Stifel Nicolaus increased their target price on shares of Savaria from C$26.00 to C$28.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. National Bank Financial increased their price objective on shares of Savaria from C$26.00 to C$30.00 in a research note on Monday, December 22nd. Finally, Scotiabank lifted their price objective on Savaria from C$25.00 to C$26.00 in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$27.33.

Savaria Trading Up 8.6%

Shares of TSE:SIS opened at C$26.41 on Thursday. Savaria has a 52-week low of C$14.97 and a 52-week high of C$26.42. The company has a debt-to-equity ratio of 40.69, a quick ratio of 0.91 and a current ratio of 1.84. The company has a market cap of C$1.89 billion, a P/E ratio of 30.36, a P/E/G ratio of 42.72 and a beta of 1.14. The stock’s 50-day moving average is C$24.59 and its 200-day moving average is C$22.49.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.37 earnings per share (EPS) for the quarter. The business had revenue of C$241.78 million for the quarter. Savaria had a net margin of 6.90% and a return on equity of 10.24%. Equities research analysts predict that Savaria will post 1.2048518 earnings per share for the current year.

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.