Desjardins Boosts Savaria (TSE:SIS) Price Target to C$32.00

Savaria (TSE:SIS) had its target price hoisted by stock analysts at Desjardins from C$27.00 to C$32.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 23.31% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus upped their price target on Savaria from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research note on Friday. TD Securities raised their target price on Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday. National Bank Financial lifted their target price on Savaria from C$26.00 to C$30.00 in a research report on Monday, December 22nd. Finally, Scotiabank increased their price target on shares of Savaria from C$25.00 to C$26.00 in a research report on Monday, November 10th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$30.93.

Savaria Trading Down 1.7%

SIS traded down C$0.46 on Friday, hitting C$25.95. The company had a trading volume of 352,468 shares, compared to its average volume of 173,182. The company’s fifty day moving average price is C$24.59 and its 200 day moving average price is C$22.49. Savaria has a 1 year low of C$14.97 and a 1 year high of C$26.42. The company has a current ratio of 1.84, a quick ratio of 0.91 and a debt-to-equity ratio of 40.69. The firm has a market cap of C$1.86 billion, a P/E ratio of 29.83, a PEG ratio of 42.72 and a beta of 1.14.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share for the quarter. Savaria had a net margin of 6.90% and a return on equity of 10.24%. The business had revenue of C$241.78 million during the quarter. As a group, equities analysts expect that Savaria will post 1.2048518 earnings per share for the current 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.