Savaria Co. (TSE:SIS) Receives Average Rating of “Buy” from Brokerages

Savaria Co. (TSE:SIS) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$26.67.

Several equities research analysts recently weighed in on SIS shares. Stifel Nicolaus lifted their price target on Savaria from C$26.00 to C$28.00 and gave the company a “buy” rating in a research report on Wednesday. National Bankshares boosted their target price on shares of Savaria from C$26.00 to C$30.00 in a report on Monday, December 22nd. Scotiabank lifted their price target on shares of Savaria from C$25.00 to C$26.00 in a research report on Monday, November 10th. Finally, TD Securities boosted their price objective on shares of Savaria from C$24.00 to C$27.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th.

Savaria Trading Up 0.9%

Shares of SIS traded up C$0.23 during trading hours on Friday, reaching C$25.15. 300,360 shares of the company traded hands, compared to its average volume of 128,514. Savaria has a 12 month low of C$14.97 and a 12 month high of C$25.23. The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11. The company’s fifty day moving average price is C$22.43 and its two-hundred day moving average price is C$21.32. The company has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03.

Savaria (TSE:SIS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.32 EPS for the quarter. Savaria had a net margin of 5.34% and a return on equity of 8.24%. The business had revenue of C$224.77 million during the quarter. Equities research analysts predict that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Savaria Company Profile

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions. The Accessibility segment deals with manufacturing, designing, installing, and distributing elevators, platform lifts, and stairlifts for people with mobility challenges. The Adapted Vehicle segment adapts vans to be wheelchair accessible for people with mobility challenges.