Savaria (TSE:SIS) Given New C$38.00 Price Target at ATB Cormark Capital Markets

Savaria (TSE:SIS) had its target price increased by ATB Cormark Capital Markets from C$35.00 to C$38.00 in a report published on Friday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. National Bank Financial upped their price target 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. Raymond James Financial lifted their price objective 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. Scotia boosted their price objective on shares of Savaria from C$30.00 to C$33.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 16th. TD upped their target price on Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday. Finally, TD Securities raised Savaria to a “strong-buy” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$34.33.

Savaria Stock Performance

SIS stock opened at C$30.40 on Friday. Savaria has a 1-year low of C$20.10 and a 1-year high of C$31.95. The business has a 50-day moving average price of C$29.77 and a 200 day moving average price of C$27.84. The company has a market capitalization of C$2.19 billion, a P/E ratio of 27.64, a PEG ratio of 42.72 and a beta of 1.04. 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 (TSE:SIS) last issued its earnings results on Wednesday, August 5th. The company reported C$0.35 earnings per share (EPS) for the quarter. The company 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, equities research analysts forecast that Savaria will post 1.2048518 EPS for the current fiscal year.

Insider Activity

In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$27.73, for a total transaction of C$693,250.00. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at C$2,773,000. The trade was a 20.00% decrease in their position. Also, Director Les Teague sold 5,000 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$28.92, for a total transaction of C$144,600.00. Insiders have sold a total of 62,500 shares of company stock valued at $1,761,124 over the last 90 days. 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.