Analysts Set Savaria Co. (TSE:SIS) PT at C$33.33

Shares of Savaria Co. (TSE:SIS) have received a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is C$33.33.

SIS has been the subject of several research analyst reports. Scotia raised their target price on shares of Savaria from C$30.00 to C$33.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 16th. Raymond James Financial raised 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 report on Wednesday, April 15th. ATB Cormark Capital Markets raised their target price 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. Desjardins raised their target price on shares of Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, National Bank Financial raised their target price on shares of Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd.

Insider Transactions at Savaria

In related news, Director Peter Allen Drutz sold 15,264 shares of Savaria stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$27.48, for a total transaction of C$419,454.72. Following the completion of the transaction, the director directly owned 104,987 shares of the company’s stock, valued at C$2,885,042.76. This trade represents a 12.69% decrease in their position. Also, insider Jean-Philippe De Montigny purchased 2,420 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of C$25.50 per share, with a total value of C$61,710.00. Following the completion of the transaction, the insider owned 92,260 shares in the company, valued at C$2,352,630. This trade represents a 2.69% increase in their ownership of the stock. Corporate insiders own 17.45% of the company’s stock.

Savaria Price Performance

Shares of Savaria stock opened at C$27.99 on Friday. The firm has a market cap of C$2.01 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 42.72 and a beta of 0.97. Savaria has a 12-month low of C$18.71 and a 12-month high of C$30.62. The company has a quick ratio of 0.91, a current ratio of 1.71 and a debt-to-equity ratio of 31.42. The company’s fifty day simple moving average is C$27.64 and its two-hundred day simple moving average is C$24.87.

Savaria (TSE:SIS) last announced its quarterly earnings results 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. As a group, equities analysts expect that Savaria will post 1.2048518 EPS for the current year.

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.