Savaria (TSE:SIS) Given New C$25.00 Price Target at TD Securities

Savaria (TSE:SIS) had its price target lowered by TD Securities from C$30.00 to C$25.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 28.40% from the stock’s current price.

Other analysts also recently issued research reports about the stock. National Bankshares raised their price target on shares of Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Cormark cut Savaria from a “buy” rating to a “market perform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$25.64.

Savaria Price Performance

Shares of SIS stock traded up C$0.01 on Thursday, reaching C$19.47. 28,840 shares of the company were exchanged, compared to its average volume of 100,465. Savaria has a 1 year low of C$15.52 and a 1 year high of C$23.92. The business has a 50-day moving average price of C$20.39 and a 200 day moving average price of C$20.66. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The company has a market cap of C$1.38 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.23 by C$0.01. Savaria had a net margin of 5.25% and a return on equity of 8.95%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Equities research analysts forecast that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Transactions at Savaria

In related news, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of C$22.96 per share, for a total transaction of C$448,753.20. Corporate insiders own 17.45% of the company’s stock.

About Savaria

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.