Savaria (TSE:SIS) Reaches New 12-Month High – Here’s Why

Savaria Co. (TSE:SIS) reached a new 52-week high on Wednesday . The company traded as high as C$26.42 and last traded at C$26.32, with a volume of 91861 shares. The stock had previously closed at C$25.81.

Analyst Ratings Changes

A number of research firms have recently issued reports on SIS. Raymond James Financial lifted their price objective on shares of Savaria from C$27.00 to C$32.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Stifel Nicolaus upped their target price on shares of Savaria from C$28.00 to C$29.00 and gave the company a “buy” rating in a research note on Friday, March 6th. ATB Cormark Capital Markets raised their price target on shares of Savaria from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Scotiabank lifted their price target on shares of Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Finally, National Bank Financial boosted their price objective on shares of Savaria from C$30.00 to C$30.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Savaria currently has an average rating of “Buy” and an average price target of C$30.93.

Savaria Trading Up 2.0%

The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 32.13. The business has a 50 day simple moving average of C$25.15 and a two-hundred day simple moving average of C$22.94. The stock has a market cap of C$1.89 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 42.72 and a beta of 1.14.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share (EPS) for the quarter. The company had revenue of C$241.78 million for the quarter. Savaria had a return on equity of 11.10% and a net margin of 7.53%. As a group, equities analysts anticipate that Savaria Co. will post 1.2048518 EPS 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.