Savaria Co. (TSE:SIS) Given Consensus Rating of “Buy” by Analysts

Savaria Co. (TSE:SIS) has received an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$33.33.

Several brokerages have recently issued reports on SIS. 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 report on Wednesday, April 15th. TD raised their price target on Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets lifted their price objective on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Desjardins upped their price objective on Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Scotia upped their price objective 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.

Insider Buying and Selling at Savaria

In other Savaria news, Director Peter Allen Drutz sold 9,736 shares of the stock in a transaction on Saturday, June 6th. The shares were sold at an average price of C$29.00, for a total transaction of C$282,344.00. Following the completion of the transaction, the director owned 95,251 shares in the company, valued at C$2,762,279. This trade represents a 9.27% decrease in their ownership of the stock. Also, Director Marcel Bourassa sold 7,500 shares of Savaria stock in a transaction on 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 transaction, the director directly owned 225,431 shares of the company’s stock, valued at C$6,656,977.43. The trade was a 3.22% decrease in their ownership of the stock. Insiders sold 62,500 shares of company stock worth $1,761,124 in the last ninety days. Company insiders own 17.45% of the company’s stock.

Savaria Price Performance

Shares of TSE:SIS opened at C$30.25 on Thursday. 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 firm has a fifty day moving average price of C$29.69 and a 200 day moving average price of C$27.78. Savaria has a fifty-two week low of C$20.10 and a fifty-two week high of C$31.95. The firm has a market cap of C$2.17 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 42.72 and a beta of 1.04.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$245.78 million for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. As a group, sell-side analysts expect that Savaria will post 1.2048518 earnings per share for the current fiscal year.

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.