Savaria (TSE:SIS) Price Target Raised to C$35.00 at ATB Cormark Capital Markets

Savaria (TSE:SIS) had its target price boosted by stock analysts at ATB Cormark Capital Markets from C$32.00 to C$35.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 21.70% from the company’s previous close.

Several other brokerages have also commented on SIS. Desjardins upped their price target on shares of Savaria from C$27.00 to C$32.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Scotiabank boosted their price objective on shares of Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Stifel Nicolaus upped their price objective on Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. TD Securities lifted 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, March 5th. Finally, 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 report on Friday, March 6th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Savaria has an average rating of “Buy” and an average target price of C$32.19.

Savaria Trading Down 0.7%

Shares of TSE SIS traded down C$0.19 during midday trading on Wednesday, reaching C$28.76. 295,917 shares of the stock were exchanged, compared to its average volume of 181,278. The company has a market capitalization of C$2.07 billion, a P/E ratio of 29.96, a P/E/G ratio of 42.72 and a beta of 0.86. Savaria has a 52-week low of C$16.11 and a 52-week high of C$30.41. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 32.13. The stock has a 50 day moving average price of C$26.01 and a 200-day moving average price of C$23.67.

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

Insider Transactions at Savaria

In other Savaria news, insider Jean-Philippe De Montigny acquired 2,420 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of C$25.50 per share, for a total transaction of C$61,710.00. Following the completion of the purchase, the insider directly owned 92,260 shares in the company, valued at C$2,352,630. This represents a 2.69% increase in their ownership of the stock. 17.45% of the stock is currently owned by corporate insiders.

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.