Savaria (TSE:SIS) Price Target Cut to C$24.00 by Analysts at Raymond James

Savaria (TSE:SIS) had its price objective cut by analysts at Raymond James from C$27.50 to C$24.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 39.05% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Scotiabank decreased their price target on shares of Savaria from C$25.00 to C$22.00 and set an “outperform” rating for the company in a research report on Friday. Desjardins cut their target price on shares of Savaria from C$27.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday. TD Securities reduced their price target on shares of Savaria from C$25.00 to C$22.00 and set a “buy” rating on the stock in a research report on Friday. Cormark lowered Savaria from a “buy” rating to a “market perform” rating in a report on Monday, November 11th. Finally, National Bankshares reduced their target price on Savaria from C$27.00 to C$24.00 and set an “outperform” rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$23.57.

Savaria Stock Up 4.7 %

Savaria stock traded up C$0.78 during midday trading on Friday, hitting C$17.26. 198,986 shares of the stock were exchanged, compared to its average volume of 141,176. Savaria has a 1 year low of C$15.88 and a 1 year high of C$23.92. The company has a debt-to-equity ratio of 54.11, a current ratio of 1.97 and a quick ratio of 0.91. The firm has a market cap of C$1.25 billion, a P/E ratio of 27.00, a P/E/G ratio of 42.72 and a beta of 0.90. The company has a 50 day moving average price of C$18.86 and a two-hundred day moving average price of C$20.49.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. 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 home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.