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

Savaria (TSE:SIS) had its target price boosted by research analysts at National Bankshares from C$22.00 to C$27.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 19.31% from the company’s current price.

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

Savaria Trading Down 0.3 %

Shares of TSE:SIS opened at C$22.63 on Thursday. The firm has a fifty day moving average of C$21.27 and a two-hundred day moving average of C$19.05. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. Savaria has a 12-month low of C$12.21 and a 12-month high of C$23.92. The firm has a market capitalization of C$1.61 billion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of C$221.34 million during the quarter, compared to analyst estimates of C$213.08 million. On average, equities analysts expect that Savaria will post 1.2048518 EPS for the current fiscal year.

Insider Activity at Savaria

In other Savaria news, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. In related news, Director Sylvain Dumoulin sold 5,000 shares of Savaria stock in a transaction dated 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, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$20.75, for a total value of C$415,041.50. Insiders sold a total of 50,002 shares of company stock worth $1,046,042 in the last 90 days. 17.45% of the stock is owned by company insiders.

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.