Savaria (TSE:SIS) Sets New 1-Year High – Time to Buy?

Savaria Co. (TSE:SIS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$26.49 and last traded at C$26.41, with a volume of 13948 shares traded. The stock had previously closed at C$25.86.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SIS. TD Securities boosted their target price on Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. National Bank Financial increased their target price on shares of Savaria from C$30.00 to C$30.50 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Scotiabank raised their price target on Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Stifel Nicolaus lifted their price objective on shares of Savaria from C$28.00 to C$29.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, ATB Cormark Capital Markets lifted their target price on Savaria from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Savaria has a consensus rating of “Buy” and a consensus price target of C$30.93.

Savaria Price Performance

The stock has a fifty day simple moving average of C$25.29 and a 200-day simple moving average of C$23.16. The company has a market capitalization of C$1.93 billion, a PE ratio of 28.01, a P/E/G ratio of 42.72 and a beta of 1.14. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 32.13.

Savaria (TSE:SIS) last released its quarterly earnings data on Wednesday, March 4th. The company reported C$0.37 EPS for the quarter. Savaria had a return on equity of 11.10% and a net margin of 7.53%.The business had revenue of C$241.78 million for the quarter. Equities analysts anticipate that Savaria Co. will post 1.2048518 earnings per share for the current year.

Savaria Company Profile

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.