National Bankshares Increases Savaria (TSE:SIS) Price Target to C$30.00

Savaria (TSE:SIS) had its price target raised by research analysts at National Bankshares from C$26.00 to C$30.00 in a report released on Monday,BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 29.20% from the stock’s previous close.

Other analysts also recently issued reports about the stock. TD Securities raised their price objective on shares of Savaria from C$24.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Scotiabank increased their price target on Savaria from C$25.00 to C$26.00 in a research note on Monday, November 10th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$26.17.

Savaria Stock Down 0.5%

TSE SIS opened at C$23.22 on Monday. Savaria has a 52 week low of C$14.97 and a 52 week high of C$23.39. The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11. The company has a market capitalization of C$1.66 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 42.72 and a beta of 1.11. The stock’s 50-day moving average price is C$21.80 and its 200-day moving average price is C$20.77.

Savaria (TSE:SIS) last released its earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. Savaria had a net margin of 5.34% and a return on equity of 8.24%. The company had revenue of C$224.77 million during the quarter. On average, equities research analysts predict that Savaria will post 1.2048518 earnings per share for the current year.

Savaria Company Profile

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions. The Accessibility segment deals with manufacturing, designing, installing, and distributing elevators, platform lifts, and stairlifts for people with mobility challenges. The Adapted Vehicle segment adapts vans to be wheelchair accessible for people with mobility challenges.