Raymond James Has Lowered Expectations for Savaria (TSE:SIS) Stock Price

Savaria (TSE:SIS) had its target price reduced by Raymond James from C$27.50 to C$24.00 in a report issued on Friday morning,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Several other research analysts also recently commented on the stock. National Bankshares decreased their price target on shares of Savaria from C$27.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Friday. Desjardins decreased their target price on shares of Savaria from C$27.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday. Cormark downgraded shares of Savaria from a “buy” rating to a “market perform” rating in a research note on Monday, November 11th. TD Securities decreased their target price on shares of Savaria from C$25.00 to C$22.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus decreased their target price on shares of Savaria from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$23.57.

Savaria Trading Up 5.0 %

SIS stock opened at C$17.30 on Friday. The company has a market capitalization of C$1.25 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. Savaria has a one year low of C$15.88 and a one year high of C$23.92. The company’s 50 day moving average price is C$18.80 and its two-hundred day moving average price is C$20.48. The company has a debt-to-equity ratio of 54.11, a quick ratio of 0.91 and a current ratio of 1.97.

Savaria Company Profile

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.