Savaria Co. (TSE:SIS) Receives Consensus Recommendation of “Buy” from Brokerages

Savaria Co. (TSE:SIS) has received an average rating of “Buy” from the nine analysts that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$34.33.

A number of research analysts recently issued reports on the stock. TD raised their target price on shares of Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Desjardins boosted their target price on shares of Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets upped their price target 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. Finally, TD Securities raised Savaria to a “strong-buy” rating in a research report on Friday, July 24th.

Insiders Place Their Bets

In other Savaria news, Director Jean-Louis Chapdelaine sold 10,917 shares of Savaria stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of C$30.24, for a total value of C$330,130.08. Following the transaction, the director directly owned 100,000 shares of the company’s stock, valued at C$3,024,000. The trade was a 9.84% decrease in their position. Also, Director Marcel Bourassa sold 7,500 shares of Savaria 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 completion of the transaction, the director directly owned 225,431 shares in the company, valued at approximately C$6,656,977.43. This represents a 3.22% decrease in their ownership of the stock. Insiders have sold 81,747 shares of company stock worth $2,448,032 in the last 90 days. 17.45% of the stock is owned by company insiders.

Savaria Price Performance

Shares of Savaria stock opened at C$28.66 on Monday. Savaria has a 12-month low of C$20.10 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. The stock has a 50 day moving average price of C$29.81 and a two-hundred day moving average price of C$28.17. The stock has a market capitalization of C$2.07 billion, a P/E ratio of 23.69, a PEG ratio of 42.72 and a beta of 1.04.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. Savaria had a net margin of 9.27% and a return on equity of 13.41%. The company had revenue of C$245.78 million for the quarter. Equities analysts expect that Savaria will post 1.2048518 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.