Savaria (TSE:SIS – Get free report) Stifel Nicolaus raised its price target from CAD$23.00 to CAD$24.00 in a report released on Friday, BayStreet.CA reports. Stifel Nicolaus’ price target would imply a potential upside of 24.87% from the company’s current price.
A number of other research firms have also recently commented on SIS. Scotiabank increased their price target on Savaria from C$21.50 to C$22.00 in a report on Friday, May 10. 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 report on Thursday. Desjardins increased their price target on Savaria from C$23.50 to C$24.00 and gave the company a “buy” rating in a report on Tuesday, July 30. Raymond James increased their price target on Savaria from C$19.00 to C$22.00 in a report on Friday, May 10. Finally, Cormark increased their price target on Savaria from C$22.50 to C$24.00 in a report on Friday, May 10. Six equities 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 $23.14.
Check out our latest analysis on SIS
Savaria trade down 2.4%
SIS shares opened at C$19.22 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 58.20. Savaria has a 12-month low of C$12.21 and a 12-month high of C$19.80. The company has a market cap of C$1.36 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 42.72 and a beta of 0.88. The stock’s 50-day moving average is C$18.43 and its 200-day moving average is C$17.35.
Savaria (TSE:SIS – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. The company reported earnings per share of C$0.19 for the quarter, beating analysts’ consensus estimates of C$0.16 by C$0.03. The company had revenue of C$209.44 million for the quarter, compared to the consensus estimate of C$214.32 million. Savaria had a return on equity of 8.52% and a net margin of 5.13%. As a group, research analysts forecast that Savaria will post earnings per share of C$0.8296678 for the current year.
Insiders place their bets
In other Savaria news, Senior Officer Jean-Philippe De Montigny bought 11,600 shares of the company’s stock in a transaction that occurred on Monday, May 13. The shares were bought at an average price of C$17.24 per share, for a total transaction of C$199,984.00. In other news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of the company’s stock in a transaction that occurred on Monday, May 13. The shares were bought at an average price of C$17.24 per share, for a total transaction of C$199,984.00. Also, Director Peter Allen Drutz sold 4,000 shares of the company’s stock in a transaction that occurred 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 shares.
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.
See also
Get daily news and reviews for Savaria – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Savaria and related companies with MarketBeat.com’s FREE daily email newsletter.
