Bullboard - Stock Discussion Forum Savaria Corp T.SIS

Alternate Symbol(s): SISXF

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Savaria Corporation is a Canada-based company engaged in the accessibility industry. The Company provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its segments include Accessibility and Patient Care. It designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved... see more

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TSX:SIS - Post Discussion

Savaria Corp > National Bank Raises Target

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Post by retiredcf on Oct 24, 2024 8:30am

National Bank Raises Target

National Bank’s Zachary Evershed increased his Savaria Corp. target to $27 from $22 with an “outperform” rating. The average is $26.50.

“With quicker-than-expected margin expansion as S1 initiatives are completed, our thoughts naturally turn to the company’s next leg of growth, building on $1-billion in revenues at 20-per-cent Adj. EBITDA margins in 2026,” he said. “We believe tailwinds in Accessibility end markets are well understood, as the supportive demographics and desire to age in place are self-evident. We therefore focused our analysis on the potential growth in Patient Care markets, in which the drivers of institutional demand are more opaque. We conclude that there is no reason SIS could not generate organic growth of 8-10 per cent in both segments as we introduce our 2026 forecasts, with revenue of $1.05 billion and Adj. EBITDA of $210 million on 20.1-per-cent margins.”