Savaria (SIS) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Savaria (TSE:SIS) from a sector perform rating to an outperform rating in a research note released on Thursday. The firm currently has C$17.00 price target on the stock. National Bank Financial also issued estimates for Savaria’s Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.17 EPS and Q4 2019 earnings at $0.21 EPS.

A number of other analysts have also weighed in on SIS. Cormark reduced their target price on Savaria from C$21.00 to C$15.00 in a research note on Friday, November 16th. Laurentian reduced their target price on Savaria from C$23.00 to C$20.00 in a research note on Thursday, November 15th. Finally, Desjardins reduced their target price on Savaria from C$23.00 to C$20.00 in a research note on Thursday, November 15th.

TSE:SIS opened at C$15.03 on Thursday. Savaria has a fifty-two week low of C$11.41 and a fifty-two week high of C$20.95. The company has a current ratio of 2.06, a quick ratio of 0.94 and a debt-to-equity ratio of 49.65.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, November 14th. The company reported C$0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.17 by C($0.11). The company had revenue of C$72.09 million during the quarter, compared to the consensus estimate of C$77.45 million. On average, research analysts expect that Savaria will post 0.720000068982043 earnings per share for the current year.

In other Savaria news, Director James Ferguson bought 2,000 shares of Savaria stock in a transaction on Tuesday, November 20th. The shares were acquired at an average price of C$13.57 per share, for a total transaction of C$27,140.00. Also, Director Marcel Bourassa bought 70,000 shares of Savaria stock in a transaction on Friday, November 16th. The stock was acquired at an average price of C$13.50 per share, for a total transaction of C$945,000.00. In the last quarter, insiders acquired 72,700 shares of company stock worth $981,541.

About Savaria

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.

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