TD Securities Has Lowered Expectations for Savaria (TSE:SIS) Stock Price

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

Several other research firms also recently issued reports on SIS. Cormark downgraded Savaria from a "buy" rating to a "market perform" rating in a research report on Monday, November 11th. National Bankshares increased their price target on shares of Savaria from C$22.00 to C$27.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Savaria currently has an average rating of "Moderate Buy" and a consensus price target of C$25.64.

Savaria Trading Down 4.3 %

SIS traded down C$0.81 during trading on Thursday, hitting C$18.00. The company's stock had a trading volume of 369,911 shares, compared to its average volume of 124,957. 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 firm has a market capitalization of C$1.28 billion, a P/E ratio of 27.69, a PEG ratio of 42.72 and a beta of 0.90. The stock's fifty day moving average price is C$20.25 and its 200-day moving average price is C$20.71. Savaria has a twelve month low of C$15.52 and a twelve month high of C$23.92.

Savaria (TSE:SIS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.24 EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the company posted $0.18 earnings per share. Analysts anticipate that Savaria will post 1.2048518 EPS for the current year.

Insider Activity at Savaria

In other Savaria news, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of the stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of C$22.96 per share, with a total value of C$448,753.20. 17.45% of the stock is currently owned by insiders.

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.