Savaria (TSE:SIS) Upgraded at TD Securities

TD Securities upgraded shares of Savaria (TSE:SIS) to a strong-buy rating in a research note issued to investors on Friday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on SIS. Stifel Nicolaus increased their price target on shares of Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Desjardins upped their price objective on shares of Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. TD upped their price objective on shares of Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets increased their target price on shares of Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Finally, Raymond James Financial lifted their target price on Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, Savaria currently has an average rating of “Buy” and a consensus price target of C$33.33.

Savaria Stock Up 2.9%

Shares of SIS stock opened at C$30.98 on Friday. Savaria has a 12 month low of C$19.54 and a 12 month high of C$31.95. The firm has a market cap of C$2.23 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The stock has a 50 day moving average of C$29.49 and a 200-day moving average of C$27.45. The company has a quick ratio of 0.91, a current ratio of 1.71 and a debt-to-equity ratio of 31.42.

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

Insider Buying and Selling

In other news, Director Peter Allen Drutz sold 9,736 shares of the company’s stock in a transaction that occurred on Saturday, June 6th. The stock was sold at an average price of C$29.00, for a total value of C$282,344.00. Following the sale, the director directly owned 95,251 shares in the company, valued at approximately C$2,762,279. This represents a 9.27% decrease in their position. Also, Director Marcel Bourassa sold 7,500 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 225,431 shares in the company, valued at approximately C$6,656,977.43. This represents a 3.22% decrease in their position. Insiders sold a total of 62,500 shares of company stock valued at $1,761,124 over the last ninety days. Company 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.