Savaria (TSE:SIS – Get free report) The price target was raised by National Bankshares stock analysts from CAD$21.00 to CAD$22.00 in a research note published on Thursday, BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 14.46% from the stock’s last closing price.
A number of other research analysts have also recently issued reports on the company. Scotiabank increased their price target on Savaria from C$21.50 to C$22.00 in a research note on Friday, May 10. Raymond James increased their price target on Savaria from C$19.00 to C$22.00 in a research note on Friday, May 10. Desjardins increased their price target on Savaria from C$23.50 to C$24.00 and gave the company a “buy” rating in a research note on Tuesday, July 30. TD Securities increased their price target on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Cormark increased their price target on Savaria from C$22.50 to C$24.00 in a research note on Friday, May 10. Six equities analysts have rated the stock with a buy rating. According to data from MarketBeat, Savaria has a consensus rating of “Buy” and an average price target of C$23.14.
Check out our latest research report on SIS
Savaria trade down 2.4%
SIS shares opened at C$19.22 on Thursday. Savaria has a 1-year low of C$12.21 and a 1-year high of C$19.80. The company has a 50-day moving average price of C$18.40 and a 200-day moving average price of C$17.33. The company has a market cap of C$1.36 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 42.72 and a beta of 0.88. The company has a debt-to-equity ratio of 58.20, a current ratio of 1.92 and a quick ratio of 0.91.
Savaria (TSE:SIS – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. The company reported earnings per share (EPS) of CAD$0.19 for the quarter, beating the consensus estimate of CAD$0.16 by CAD$0.03. Savaria had a return on equity of 8.52% and a net margin of 5.13%. The company had revenue of CAD$209.44 million during the quarter, compared to analyst estimates of CAD$214.32 million. Overall, equities analysts forecast that Savaria will post earnings per share of CAD$0.8296678 for the current year.
Insider activity
In related news, Director Peter Allen Drutz sold 4,000 shares of the company’s stock in a transaction that took place on Wednesday, June 12. The shares were sold at an average price of C$18.10, for a total value of C$72,400.00. In related news, Executive Officer Jean-Philippe De Montigny bought 11,600 shares of the company’s stock in a transaction that took place on Monday, May 13. The shares were bought at an average price of C$17.24 per share, for a total value of C$199,984.00. Also, Director Peter Allen Drutz sold 4,000 shares of the company’s stock in a transaction that took place on Wednesday, June 12. The shares were sold at an average price of C$18.10, for a total value of C$72,400.00. Company insiders own 20.38% of the company’s stock.
About Savaria
(Get free report)
Savaria Corporation provides accessibility solutions for the elderly and physically challenged in Canada, the United States, Europe and worldwide. The Company operates in two segments: Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes and installs a portfolio of accessibility products, including commercial and residential elevators, stairlifts, platform lifts and lowered floor wheelchair accessible conversions for select minivan brands and for residential, home or commercial applications.
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