Raymond James Financial Forecasts Strong Price Appreciation for Savaria (TSE:SIS) Stock

Savaria (TSE:SIS) had its price target upped by Raymond James Financial from C$27.00 to C$32.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 23.31% from the company’s current price.

A number of other research analysts also recently issued reports on SIS. TD Securities boosted their price target on Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus boosted their target price 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. Desjardins raised their price target on shares of Savaria from C$27.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday. National Bank Financial lifted their price objective on shares of Savaria from C$30.00 to C$30.50 and gave the company an “outperform” rating in a report on Friday. Finally, Scotiabank increased their target price on shares of Savaria from C$25.00 to C$26.00 in a research note on Monday, November 10th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$30.93.

Savaria Stock Performance

TSE:SIS traded down C$0.46 during mid-day trading on Friday, hitting C$25.95. The company’s stock had a trading volume of 352,468 shares, compared to its average volume of 173,182. The business’s fifty day moving average is C$24.59 and its two-hundred day moving average is C$22.49. The stock has a market cap of C$1.86 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 42.72 and a beta of 1.14. The company has a debt-to-equity ratio of 40.69, a current ratio of 1.84 and a quick ratio of 0.91. Savaria has a 1 year low of C$14.97 and a 1 year high of C$26.42.

Savaria (TSE:SIS) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$0.37 earnings per share (EPS) for the quarter. Savaria had a return on equity of 10.24% and a net margin of 6.90%.The business had revenue of C$241.78 million during the quarter. Analysts anticipate that Savaria will post 1.2048518 EPS 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.