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

Savaria (TSE:SIS) had its price objective dropped by investment analysts at TD Securities from C$30.00 to C$25.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 32.91% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. National Bankshares increased their target price on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Cormark lowered Savaria from a “buy” rating to a “market perform” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Savaria currently has an average rating of “Moderate Buy” and an average price target of C$25.64.

Savaria Stock Down 2.8 %

Shares of TSE SIS opened at C$18.81 on Thursday. The stock has a market capitalization of C$1.34 billion, a P/E ratio of 28.94, a PEG ratio of 42.72 and a beta of 0.90. Savaria has a one year low of C$15.52 and a one year high of C$23.92. The firm’s 50 day simple moving average is C$20.33 and its two-hundred day simple moving average is C$20.67. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91.

Savaria (TSE:SIS) last released its earnings results on Wednesday, November 6th. The company reported C$0.24 EPS for the quarter, beating 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. As a group, analysts expect that Savaria will post 1.2048518 EPS for the current fiscal year.

Insiders Place Their Bets

In other Savaria news, Senior Officer Jean-Philippe De Montigny bought 19,545 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average price of C$22.96 per share, for a total transaction of C$448,753.20. Company 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.