Savaria (TSE:SIS) Sets New 1-Year High – Still a Buy?

Savaria Co. (TSE:SIS) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$31.33 and last traded at C$31.15, with a volume of 5056 shares changing hands. The stock had previously closed at C$31.09.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Raymond James Financial increased their target price on shares of Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Desjardins boosted their price target on shares of Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Scotia boosted their price target on shares of Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 16th. TD upped their price objective on shares of Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$33.33.

Savaria Stock Down 0.4%

The business has a 50-day simple moving average of C$29.05 and a 200-day simple moving average of C$27.00. The company has a debt-to-equity ratio of 31.42, a quick ratio of 0.91 and a current ratio of 1.71. The company has a market cap of C$2.24 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.31 EPS for the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%.The business had revenue of C$235.55 million during the quarter. On average, equities analysts anticipate that Savaria Co. will post 1.2048518 earnings per share for the current fiscal year.

Insider Activity

In other Savaria news, Director Marcel Bourassa sold 7,500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of C$29.53, for a total value of C$221,475.00. Following the sale, the director directly owned 225,431 shares of the company’s stock, valued at approximately C$6,656,977.43. This represents a 3.22% decrease in their position. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$27.73, for a total transaction of C$693,250.00. Following the completion of the sale, the director owned 100,000 shares in the company, valued at C$2,773,000. The trade was a 20.00% decrease in their ownership of the stock. Insiders have sold 62,500 shares of company stock worth $1,761,124 over the last three months. Insiders own 17.45% of the company’s stock.

About Savaria

Savaria Corporation ( savaria.com ) is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.