Savaria (TSE:SIS) Reaches New 1-Year High – What’s Next?

Savaria Co. (TSE:SIS) reached a new 52-week high during trading on Wednesday . The company traded as high as C$26.42 and last traded at C$26.32, with a volume of 91861 shares trading hands. The stock had previously closed at C$25.81.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Scotiabank boosted their target price on shares of 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 increased their price target on shares of Savaria from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Raymond James Financial lifted their price target on Savaria from C$27.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. ATB Cormark Capital Markets boosted their price objective on Savaria from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Finally, Desjardins upped their price objective on Savaria from C$27.00 to C$32.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$30.93.

Savaria Trading Up 2.0%

The company has a debt-to-equity ratio of 32.13, a current ratio of 1.61 and a quick ratio of 0.91. The business’s fifty day simple moving average is C$25.15 and its 200 day simple moving average is C$22.94. The stock has a market cap of C$1.89 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 42.72 and a beta of 1.14.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share for the quarter. Savaria had a net margin of 7.53% and a return on equity of 11.10%. The company had revenue of C$241.78 million for the quarter. On average, research analysts predict that Savaria Co. will post 1.2048518 EPS 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.