Savaria (TSE:SIS) Given New C$31.00 Price Target at Stifel Nicolaus

Savaria (TSE:SIS) had its price objective upped by Stifel Nicolaus from C$29.00 to C$31.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 8.28% from the company’s current price.

A number of other analysts also recently issued reports on the stock. TD Securities lifted their price objective on shares of Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 5th. 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 report on Friday, March 6th. Scotiabank raised their target price on shares of Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Desjardins raised their target price on shares of Savaria from C$27.00 to C$32.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, ATB Cormark Capital Markets raised their target price on shares of Savaria from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Seven 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 target price of C$31.21.

Savaria Price Performance

Shares of SIS stock traded up C$1.02 during mid-day trading on Wednesday, reaching C$28.63. The company’s stock had a trading volume of 156,112 shares, compared to its average volume of 169,456. The firm’s 50-day moving average is C$25.49 and its two-hundred day moving average is C$23.36. Savaria has a 1-year low of C$15.06 and a 1-year high of C$28.87. The company has a market cap of C$2.05 billion, a P/E ratio of 29.82, a PEG ratio of 42.72 and a beta of 0.86. The company has a debt-to-equity ratio of 32.13, a quick ratio of 0.91 and a current ratio of 1.61.

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

Insider Buying and Selling

In related news, insider Jean-Philippe De Montigny acquired 2,420 shares of Savaria stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of C$25.50 per share, with a total value of C$61,710.00. Following the completion of the transaction, the insider directly owned 92,260 shares in the company, valued at C$2,352,630. This trade represents a 2.69% increase in their position. 17.45% of the stock is currently owned by company insiders.

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.