Stifel Nicolaus Forecasts Strong Price Appreciation for Savaria (TSE:SIS) Stock

Savaria (TSE:SIS) had its target price hoisted by analysts at Stifel Nicolaus from C$26.00 to C$28.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 12.36% from the company’s previous close.

SIS has been the topic of a number of other research reports. National Bankshares upped their price target on shares of Savaria from C$26.00 to C$30.00 in a research note on Monday, December 22nd. Scotiabank boosted their price objective on Savaria from C$25.00 to C$26.00 in a report on Monday, November 10th. Finally, TD Securities upped their target price on Savaria from C$24.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Savaria has a consensus rating of “Buy” and an average price target of C$26.67.

Savaria Stock Up 1.5%

SIS opened at C$24.92 on Wednesday. The stock’s fifty day simple moving average is C$22.37 and its 200 day simple moving average is C$21.27. Savaria has a 1-year low of C$14.97 and a 1-year high of C$25.19. The stock has a market cap of C$1.78 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11.

Savaria (TSE:SIS) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.32 EPS for the quarter. The firm had revenue of C$224.77 million during the quarter. Savaria had a net margin of 5.34% and a return on equity of 8.24%. As a group, research analysts expect 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.