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

Savaria Co. (TSE:SIS) has earned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$33.33.

Several brokerages have issued reports on SIS. Desjardins lifted 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 note on Thursday, April 16th. Raymond James Financial lifted 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 note on Wednesday, April 15th. TD Securities lifted their target price on shares of Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. ATB Cormark Capital Markets lifted 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 note on Wednesday, April 15th. Finally, Scotiabank lifted their target price on shares of Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th.

Savaria Price Performance

Savaria stock opened at C$29.04 on Wednesday. The company’s fifty day moving average price is C$28.81 and its 200 day moving average price is C$25.76. Savaria has a 1 year low of C$18.71 and a 1 year high of C$30.62. The stock has a market capitalization of C$2.09 billion, a P/E ratio of 26.40, a P/E/G ratio of 42.72 and a beta of 1.06. The company has a debt-to-equity ratio of 31.42, a quick ratio of 0.91 and a current ratio of 1.71.

Savaria (TSE:SIS) last released 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 firm had revenue of C$235.55 million for the quarter. As a group, equities research analysts anticipate that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction 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 sale, the director owned 100,000 shares of the company’s stock, valued at C$2,773,000. The trade was a 20.00% decrease in their position. Also, Director Peter Allen Drutz sold 9,736 shares of Savaria stock in a transaction 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 sale, the director directly owned 95,251 shares in the company, valued at approximately C$2,762,279. This trade represents a 9.27% decrease in their position. Insiders have sold a total of 50,000 shares of company stock valued at $1,395,049 in the last 90 days. 17.45% of the stock is owned by 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.