SAVARIA CORPORATION

SIS
Delayed Quote. Delayed  - 09/16 11:59:14 am
22.555CAD +0.83%

Savaria Corporation : Close to an important technical resistance levels

07/30/2021 | 02:31am
Jordan Dufee
Senior Analyst

Strategy published on : 07/30/2021 | 02:31

long trade
Live

Entry price : 20.57CAD
Target : 25CAD
Stop-loss : 18CAD
Potential : 21.54%

Below the resistance zone that is currently being tested, the potential for new gains appears limited for shares in Savaria Corporation. The stock's technical chart pattern suggests however that the level will be broken.
Investors have an opportunity to buy the stock and target the CAD 25.

Summary

● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

● The company presents an interesting fundamental situation from a short-term investment perspective.

● According to Refinitiv, the company's ESG score for its industry is poor.


Strengths

● According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.

● The earnings growth currently anticipated by analysts for the coming years is particularly strong.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● Over the past four months, analysts' average price target has been revised upwards significantly.

● Analyst opinion has improved significantly over the past four months.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.


Weaknesses

● The firm trades with high earnings multiples: 29.57 times its 2021 earnings per share.

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