Savaria (TSE:SIS) Price Target Lowered to C$25.00 at TD Securities

Savaria (TSE:SIS) had its target price lowered by equities researchers at TD Securities from C$30.00 to C$25.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 28.40% from the company’s current price.

A number of other brokerages have also weighed in on SIS. National Bankshares boosted their price target on Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Cormark downgraded shares of Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$25.64.

Savaria Stock Up 0.1 %

Shares of SIS traded up C$0.01 during trading hours on Thursday, hitting C$19.47. The company had a trading volume of 28,840 shares, compared to its average volume of 100,465. The company has a market capitalization of C$1.38 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company’s fifty day moving average price is C$20.39 and its two-hundred day moving average price is C$20.66. Savaria has a one year low of C$15.52 and a one year high of C$23.92. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50.

Savaria (TSE:SIS) last posted its earnings results on Wednesday, November 6th. The company reported C$0.24 EPS for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.01. Savaria had a net margin of 5.25% and a return on equity of 8.95%. During the same quarter in the previous year, the business earned $0.18 earnings per share. As a group, equities analysts forecast that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Jean-Philippe De Montigny acquired 19,545 shares of Savaria stock in a transaction on Monday, November 11th. The stock was acquired at an average price of C$22.96 per share, for a total transaction of C$448,753.20. Corporate insiders own 17.45% of the company’s stock.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.