Savaria (TSE:SIS) Reaches New 52-Week High – Time to Buy?

Savaria Co. (TSE:SIS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$26.49 and last traded at C$26.41, with a volume of 13948 shares trading hands. The stock had previously closed at C$25.86.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. ATB Cormark Capital Markets upped their target price 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 Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Desjardins boosted their price target on Savaria from C$27.00 to C$32.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. TD Securities upped their price objective on Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Raymond James Financial raised their price objective on Savaria from C$27.00 to C$32.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$30.93.

Savaria Price Performance

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 company has a 50 day moving average of C$25.23 and a 200-day moving average of C$23.09. The firm has a market capitalization of C$1.90 billion, a P/E ratio of 27.59, a P/E/G ratio of 42.72 and a beta of 1.14.

Savaria (TSE:SIS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$0.37 earnings per share for the quarter. Savaria had a return on equity of 11.10% and a net margin of 7.53%.The firm had revenue of C$241.78 million for the quarter. On average, sell-side analysts predict that Savaria Co. will post 1.2048518 EPS for the current year.

Savaria Company Profile

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.