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

Shares of Savaria Co. (TSE:SIS) have received an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is C$33.33.

A number of research analysts have recently commented on the company. Stifel Nicolaus upped their price target on Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Desjardins upped their target price 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. Raymond James Financial increased their price target 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. TD raised their price target on shares of Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, National Bank Financial boosted their price objective on shares of Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd.

Savaria Stock Up 1.3%

SIS stock opened at C$30.18 on Friday. The company has a debt-to-equity ratio of 31.42, a current ratio of 1.71 and a quick ratio of 0.91. Savaria has a 52-week low of C$19.25 and a 52-week high of C$30.62. The company has a 50-day moving average of C$28.93 and a two-hundred day moving average of C$26.56. The stock has a market capitalization of C$2.17 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03.

Savaria (TSE:SIS) last posted 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 for the quarter. As a group, equities research analysts anticipate that Savaria will post 1.2048518 EPS for the current year.

Insider Transactions at Savaria

In related news, Director Les Teague sold 5,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$28.92, for a total transaction of C$144,600.00. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$27.73, for a total value of C$693,250.00. Following the transaction, the director owned 100,000 shares in the company, valued at C$2,773,000. This represents a 20.00% decrease in their ownership of the stock. Insiders sold 62,500 shares of company stock valued at $1,761,124 in the last ninety days. 17.45% of the stock is owned by corporate insiders.

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.