Savaria (TSE:SIS) Sets New 1-Year High – Should You Buy?

Savaria Co. (TSE:SIS) shares hit a new 52-week high on Tuesday . The stock traded as high as C$24.02 and last traded at C$24.01, with a volume of 169826 shares traded. The stock had previously closed at C$23.86.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. TD Securities lifted their price objective on shares of Savaria from C$24.00 to C$27.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Scotiabank lifted their price target on Savaria from C$25.00 to C$26.00 in a report on Monday, November 10th. Finally, National Bankshares boosted their price target on Savaria from C$26.00 to C$30.00 in a research report on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Savaria has a consensus rating of “Buy” and an average target price of C$26.17.

Savaria Stock Up 0.6%

The company’s fifty day simple moving average is C$22.20 and its 200-day simple moving average is C$21.19. The firm has a market capitalization of C$1.72 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The company has a debt-to-equity ratio of 54.11, a current ratio of 1.97 and a quick ratio of 0.91.

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

About Savaria

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.