National Bankshares Has Lowered Expectations for Savaria (TSE:SIS) Stock Price

Savaria (TSE:SIS) had its target price dropped by investment analysts at National Bankshares from C$27.00 to C$24.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 39.05% from the company’s previous close.

A number of other analysts have also commented on the company. Scotiabank decreased their price objective on Savaria from C$25.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday. Cormark downgraded shares of Savaria from a “buy” rating to a “market perform” rating in a report on Monday, November 11th. TD Securities cut their price target on shares of Savaria from C$30.00 to C$25.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Stifel Nicolaus decreased their price target on shares of Savaria from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$23.57.

Savaria Trading Up 4.7 %

TSE:SIS traded up C$0.78 on Friday, reaching C$17.26. 198,986 shares of the stock traded hands, compared to its average volume of 141,176. The company’s 50 day moving average is C$18.86 and its 200-day moving average is C$20.49. Savaria has a 1-year low of C$15.88 and a 1-year high of C$23.92. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11. The firm has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90.

About Savaria

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.