Savaria Co. (TSE:SIS) Stock Rated “Buy” by Sell-Side Brokerages

Savaria Co. (TSE:SIS) has earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$34.35.

Several equities analysts recently weighed in on SIS shares. ATB Cormark Capital Markets increased their price objective on shares of Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, August 7th. TD Securities raised Savaria to a “strong-buy” rating in a research note on Friday, July 24th. Ventum Financial set a C$34.50 price target on Savaria and gave the stock a “buy” rating in a research report on Thursday, September 10th. TD raised their price target on Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Desjardins upped their price objective on Savaria from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, August 7th.

Insiders Place Their Bets

In other Savaria news, insider Jean-Philippe De Montigny sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of C$29.21, for a total transaction of C$292,100.00. Following the transaction, the insider owned 82,560 shares in the company, valued at approximately C$2,411,577.60. This trade represents a 10.80% decrease in their ownership of the stock. Also, Director Jean-Louis Chapdelaine sold 14,898 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of C$30.24, for a total value of C$450,515.52. Following the transaction, the director owned 100,000 shares of the company’s stock, valued at C$3,024,000. The trade was a 12.97% decrease in their ownership of the stock. Over the last quarter, insiders have sold 74,511 shares of company stock worth $2,239,313. Insiders own 17.45% of the company’s stock.

Savaria Trading Down 0.3%

Shares of SIS opened at C$29.50 on Tuesday. The stock’s fifty day simple moving average is C$28.88 and its 200-day simple moving average is C$29.11. The firm has a market capitalization of C$2.13 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 42.72 and a beta of 0.80. Savaria has a 12-month low of C$20.72 and a 12-month high of C$31.95. The company has a quick ratio of 0.91, a current ratio of 1.72 and a debt-to-equity ratio of 29.43.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$0.35 earnings per share for the quarter. The firm had revenue of C$245.78 million during the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%. As a group, research analysts predict that Savaria will post 1.20 earnings per share 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.