Scotia Forecasts Strong Price Appreciation for Savaria (TSE:SIS) Stock

Savaria (TSE:SIS) had its price objective lifted by equities research analysts at Scotia from C$30.00 to C$33.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s price target suggests a potential upside of 15.63% from the company’s current price.

A number of other brokerages have also recently issued reports on SIS. Stifel Nicolaus upped their price target on shares of Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. TD upped their price target on shares of Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a research report on Wednesday. Raymond James Financial upped their price target on shares of Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday. National Bank Financial upped their price target on shares of Savaria from C$30.00 to C$30.50 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, Desjardins upped their price target on shares of Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$32.61.

Savaria Stock Down 0.8%

Shares of TSE:SIS traded down C$0.24 during midday trading on Thursday, reaching C$28.54. The company’s stock had a trading volume of 124,908 shares, compared to its average volume of 181,990. The firm has a 50 day moving average of C$26.08 and a 200-day moving average of C$23.71. The firm has a market capitalization of C$2.05 billion, a P/E ratio of 29.73, a PEG ratio of 42.72 and a beta of 0.86. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 32.13. Savaria has a 12-month low of C$16.13 and a 12-month high of C$30.41.

Savaria (TSE:SIS) last released its earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share 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 anticipate that Savaria will post 1.2048518 earnings per share for the current year.

Insider Transactions at Savaria

In other news, insider Jean-Philippe De Montigny bought 2,420 shares of Savaria stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of C$25.50 per share, with a total value of C$61,710.00. Following the acquisition, the insider owned 92,260 shares of the company’s stock, valued at C$2,352,630. The trade was a 2.69% increase in their position. Corporate insiders own 17.45% of the company’s stock.

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.