Savaria (TSE:SIS) Upgraded by TD Securities to “Strong-Buy” Rating

Savaria (TSE:SIS) was upgraded by analysts at TD Securities to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other brokerages also recently weighed in on SIS. Scotia lifted their target price on Savaria from C$30.00 to C$33.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 16th. National Bank Financial increased their price target on Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Raymond James Financial raised their price objective 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. Stifel Nicolaus lifted their price objective on shares of Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Finally, TD boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$33.33.

Savaria Stock Performance

SIS stock opened at C$30.98 on Friday. 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 company has a current ratio of 1.71, a quick ratio of 0.91 and a debt-to-equity ratio of 31.42. The stock has a 50-day moving average price of C$29.49 and a 200-day moving average price of C$27.42. Savaria has a 1-year low of C$19.54 and a 1-year high of C$31.95.

Savaria (TSE:SIS) last announced its earnings results 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 company had revenue of C$235.55 million for the quarter. As a group, equities research analysts expect that Savaria will post 1.2048518 earnings per share for the current year.

Insider Transactions at Savaria

In related 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 transaction of C$282,344.00. Following the transaction, the director directly owned 95,251 shares of the company’s stock, 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 company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$29.53, for a total value of C$221,475.00. Following the transaction, the director directly owned 225,431 shares in the company, valued at approximately C$6,656,977.43. This trade represents a 3.22% decrease in their ownership of the stock. In the last 90 days, insiders have sold 62,500 shares of company stock valued at $1,761,124. 17.45% of the stock is currently 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.