Savaria Co. (TSE:SIS) Given Average Rating of “Buy” by Analysts

Savaria Co. (TSE:SIS) has earned an average rating of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$33.33.

SIS has been the subject of several research reports. TD Securities lifted their target price on Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. TD lifted their price objective on shares of Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Raymond James Financial boosted their target price on shares of Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Desjardins raised their price target on shares of Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Scotia lifted their price target on shares of Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a report on Thursday, April 16th.

Savaria Stock Up 0.9%

Shares of TSE:SIS opened at C$30.07 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.71 and a debt-to-equity ratio of 31.42. Savaria has a 52-week low of C$18.71 and a 52-week high of C$30.62. The company has a 50 day moving average of C$28.65 and a two-hundred day moving average of C$25.62. The company has a market capitalization of C$2.16 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 42.72 and a beta of 1.06.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.31 EPS for the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%.The business had revenue of C$235.55 million for the quarter. As a group, analysts forecast that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jean-Philippe De Montigny bought 2,420 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of C$25.50 per share, with a total value of C$61,710.00. Following the completion of the acquisition, the insider owned 92,260 shares of the company’s stock, valued at C$2,352,630. This trade represents a 2.69% increase in their ownership of the stock. Also, Director Peter Allen Drutz sold 9,736 shares of the company’s stock in a transaction that occurred on Saturday, June 6th. The shares were sold at an average price of C$29.00, for a total value of C$282,344.00. Following the transaction, the director directly owned 95,251 shares of the company’s stock, valued at C$2,762,279. This trade represents a 9.27% decrease in their ownership of the stock. Insiders have sold a total of 50,000 shares of company stock worth $1,395,049 over the last quarter. 17.45% of the stock is owned by company insiders.

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.