Savaria Co. (TSE:SIS) Receives Average Recommendation of “Buy” from Analysts

Savaria Co. (TSE:SIS) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$23.83.

Several equities research analysts recently weighed in on SIS shares. TD Securities increased their price target on Savaria from C$22.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Desjardins decreased their price target on Savaria from C$27.00 to C$25.00 and set a “buy” rating for the company in a report on Friday, March 7th. Stifel Nicolaus decreased their price target on Savaria from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Friday, March 7th. Raymond James decreased their price target on Savaria from C$27.50 to C$24.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Finally, Cormark raised Savaria from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th.

Insiders Place Their Bets

In related news, Director Alain Tremblay sold 10,000 shares of Savaria stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of C$19.61, for a total transaction of C$196,092.00. 17.45% of the stock is currently owned by company insiders.

Savaria Price Performance

SIS stock opened at C$19.05 on Friday. The company has a market capitalization of C$1.38 billion, a P/E ratio of 29.81, a PEG ratio of 42.72 and a beta of 0.90. Savaria has a twelve month low of C$14.97 and a twelve month high of C$23.92. The business has a 50 day simple moving average of C$17.59 and a 200-day simple moving average of C$18.74. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11.

About Savaria

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.