Savaria (TSE:SIS) Reaches New 52-Week High – Time to Buy?

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus increased their price target on Savaria from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. TD Securities lifted their price objective on Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Desjardins upped their target price on Savaria from C$27.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday, March 6th. National Bank Financial boosted their price target on Savaria from C$30.00 to C$30.50 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, Raymond James Financial upped their price objective 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, March 6th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$30.93.

Savaria Stock Performance

The stock has a market cap of C$1.90 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 42.72 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 32.13. The company has a 50 day simple moving average of C$25.23 and a 200 day simple moving average of C$23.09.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share for the quarter. The company had revenue of C$241.78 million for the quarter. Savaria had a net margin of 7.53% and a return on equity of 11.10%. As a group, equities research analysts forecast 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.