Brokerages Set Savaria Co. (TSE:SIS) Price Target at C$32.61

Savaria Co. (TSE:SIS) has been given an average rating of “Buy” by the nine research firms that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$33.33.

A number of research analysts recently weighed in on the stock. TD lifted their price objective on shares of Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Stifel Nicolaus raised their price target on shares of Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Desjardins raised their price target on shares of Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. 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 research report on Thursday, April 16th. Finally, ATB Cormark Capital Markets upped their price objective on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th.

Insider Buying and Selling at Savaria

In related news, insider Jean-Philippe De Montigny acquired 2,420 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of C$25.50 per share, with a total value of C$61,710.00. Following the completion of the transaction, the insider owned 92,260 shares of the company’s stock, valued at C$2,352,630. The trade was a 2.69% increase in their ownership of the stock. Corporate insiders own 17.45% of the company’s stock.

Savaria Stock Up 0.7%

TSE:SIS opened at C$30.31 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 32.13. The stock’s fifty day moving average is C$26.59 and its two-hundred day moving average is C$24.06. Savaria has a 52 week low of C$16.86 and a 52 week high of C$30.49. The stock has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 42.72 and a beta of 0.86.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$0.37 EPS for the quarter. Savaria had a return on equity of 11.10% and a net margin of 7.53%.The company had revenue of C$241.78 million for the quarter. Research analysts anticipate that Savaria will post 1.2048518 EPS for the current 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.