Savaria (TSE:SIS) Given New C$31.00 Price Target at Stifel Nicolaus

Savaria (TSE:SIS) had its price target lifted by stock analysts at Stifel Nicolaus from C$29.00 to C$31.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 8.28% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank boosted their target price on shares of Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. ATB Cormark Capital Markets boosted their price target on Savaria from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Desjardins boosted their price target 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. 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, 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 research note on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$31.21.

Savaria Stock Performance

Shares of Savaria stock traded up C$1.02 during trading on Wednesday, reaching C$28.63. The company’s stock had a trading volume of 156,112 shares, compared to its average volume of 169,456. The business’s 50-day moving average price is C$25.49 and its 200-day moving average price is C$23.36. The firm has a market cap of C$2.05 billion, a PE ratio of 29.82, a P/E/G ratio of 42.72 and a beta of 0.86. Savaria has a 52 week low of C$15.06 and a 52 week high of C$28.87. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 32.13.

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

Insider Activity at Savaria

In related news, insider Jean-Philippe De Montigny bought 2,420 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of C$25.50 per share, with a total value of C$61,710.00. Following the completion of the acquisition, the insider owned 92,260 shares of the company’s stock, valued at C$2,352,630. The trade was a 2.69% increase in their ownership of the stock. Company insiders own 17.45% of the company’s stock.

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.