Savaria (TSE:SIS) Given New C$25.00 Price Target at TD Securities

Savaria (TSE:SIS) had its price objective trimmed by TD Securities from C$30.00 to C$25.00 in a report released on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. National Bankshares boosted their price objective on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Cormark cut shares of Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$25.64.

Savaria Stock Performance

SIS opened at C$19.35 on Thursday. The stock has a market cap of C$1.38 billion, a P/E ratio of 29.77, a P/E/G ratio of 42.72 and a beta of 0.90. 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 price of C$20.39 and a 200 day moving average price of C$20.66. Savaria has a 1 year low of C$15.52 and a 1 year high of C$23.92.

Savaria (TSE:SIS) last posted its earnings results on Wednesday, November 6th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company posted $0.18 EPS. Equities research analysts anticipate that Savaria will post 1.2048518 earnings per share for the current year.

Insider Buying and Selling at Savaria

In other Savaria news, Senior Officer Jean-Philippe De Montigny bought 19,545 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of C$22.96 per share, with a total value of C$448,753.20. 17.45% of the stock is currently 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.