National Bankshares Boosts Savaria (TSE:SIS) Price Target to C$27.00

Savaria (TSE:SIS) had its price target upped by equities research analysts at National Bankshares from C$22.00 to C$27.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 19.15% from the stock’s previous close.

Other analysts have also issued reports about the company. Stifel Nicolaus increased their target price on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Raymond James increased their target price on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a report on Friday, September 13th. Scotiabank set a C$25.00 target price on Savaria and gave the stock an “outperform” rating in a report on Thursday, September 26th. Desjardins upped their price objective on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, TD Securities upped their price objective on Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$25.50.

Savaria Stock Performance

TSE SIS traded up C$0.21 on Thursday, reaching C$22.66. The stock had a trading volume of 34,109 shares, compared to its average volume of 76,257. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. The firm has a fifty day moving average of C$21.21 and a two-hundred day moving average of C$19.00. Savaria has a 1-year low of C$12.21 and a 1-year high of C$23.92. The company has a market cap of C$1.61 billion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.02. Savaria had a return on equity of 8.95% and a net margin of 5.25%. The firm had revenue of C$221.34 million for the quarter, compared to analyst estimates of C$213.08 million. On average, equities research analysts anticipate that Savaria will post 1.2048518 EPS for the current year.

Insider Transactions at Savaria

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. In related news, Director Sylvain Dumoulin sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. Insiders sold 50,002 shares of company stock worth $1,046,042 over the last ninety days. 17.45% of the stock is owned by insiders.

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.