TD Securities Issues Pessimistic Forecast for Savaria (TSE:SIS) Stock Price

Savaria (TSE:SIS) had its target price trimmed by TD Securities from C$30.00 to C$25.00 in a research report released on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Cormark cut shares of Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. National Bankshares lifted 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$25.64.

Savaria Trading Down 0.6 %

SIS opened at C$19.35 on Thursday. Savaria has a 52 week low of C$15.52 and a 52 week high of C$23.92. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. The business has a fifty day simple moving average of C$20.39 and a 200-day simple moving average of C$20.66. The firm has a market cap of C$1.38 billion, a P/E ratio of 29.77, a P/E/G ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS) last released its earnings results on Wednesday, November 6th. The company reported C$0.24 earnings per share for the quarter, beating the consensus estimate of C$0.23 by C$0.01. Savaria had a return on equity of 8.95% and a net margin of 5.25%. During the same period in the prior year, the company posted $0.18 earnings per share. On average, equities analysts expect that Savaria will post 1.2048518 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average cost 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.

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.