Savaria (TSE:SIS) Given New C$32.00 Price Target at ATB Cormark Capital Markets

Savaria (TSE:SIS) had its target price increased by research analysts at ATB Cormark Capital Markets from C$30.00 to C$32.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target indicates a potential upside of 23.74% from the stock’s current price.

Other analysts have also issued reports about the company. Desjardins raised their price target on Savaria from C$27.00 to C$32.00 and gave the stock a “buy” rating in a research note on Friday. National Bank Financial boosted their target price on shares of Savaria from C$30.00 to C$30.50 and gave the company an “outperform” rating in a report on Friday. Raymond James Financial upped their price target on shares of Savaria from C$27.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities lifted their price target on shares of Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus boosted their price objective on shares of Savaria from C$28.00 to C$29.00 and gave the company a “buy” rating in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$30.93.

Savaria Trading Down 2.1%

Shares of TSE:SIS traded down C$0.55 during trading on Friday, reaching C$25.86. The stock had a trading volume of 356,768 shares, compared to its average volume of 173,628. The company has a quick ratio of 0.91, a current ratio of 1.84 and a debt-to-equity ratio of 40.69. The stock has a market cap of C$1.85 billion, a P/E ratio of 29.72, a PEG ratio of 42.72 and a beta of 1.14. The business has a fifty day moving average price of C$24.59 and a 200-day moving average price of C$22.49. Savaria has a fifty-two week low of C$14.97 and a fifty-two week high of C$26.42.

Savaria (TSE:SIS) last released its earnings results on Wednesday, March 4th. The company reported C$0.37 EPS for the quarter. Savaria had a net margin of 6.90% and a return on equity of 10.24%. The firm had revenue of C$241.78 million during the quarter. As a group, analysts anticipate that Savaria will post 1.2048518 earnings per share for the current fiscal year.

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.