Savaria (TSE:SIS) Director Marcel Bourassa Sells 7,500 Shares

Savaria Co. (TSE:SIS) Director Marcel Bourassa sold 7,500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of C$29.53, for a total transaction of C$221,475.00. Following the completion of the sale, the director owned 225,431 shares in the company, valued at C$6,656,977.43. This represents a 3.22% decrease in their position.

Savaria Price Performance

SIS stock opened at C$28.89 on Friday. 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 business has a 50-day simple moving average of C$28.96 and a two-hundred day simple moving average of C$26.03. The company has a market capitalization of C$2.08 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 42.72 and a beta of 1.06. Savaria Co. has a 52-week low of C$18.71 and a 52-week high of C$30.62.

Savaria (TSE:SIS) last issued 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 firm had revenue of C$235.54 million during the quarter. Research analysts expect that Savaria Co. will post 1.2048518 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stifel Nicolaus raised their price objective on Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Raymond James Financial increased their target price on shares of Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets raised their price target on shares of Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. TD Securities boosted their price target on shares of Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Desjardins boosted their price target on shares of Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat, Savaria presently has an average rating of “Buy” and an average target price of C$33.33.

Savaria Company Profile

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.