Insider Selling: Savaria (TSE:SIS) Director Sells C$221,475.00 in Stock

Savaria Co. (TSE:SIS) Director Marcel Bourassa sold 7,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of C$29.53, for a total transaction of C$221,475.00. Following the sale, the director directly owned 225,431 shares of the company’s stock, valued at approximately C$6,656,977.43. The trade was a 3.22% decrease in their position.

Savaria Trading Down 1.5%

TSE:SIS opened at C$28.46 on Tuesday. Savaria Co. has a one year low of C$18.84 and a one year high of C$30.62. The business has a fifty day moving average price of C$28.94 and a 200-day moving average price of C$26.11. The firm has a market capitalization of C$2.05 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 42.72 and a beta of 1.06. The company has a debt-to-equity ratio of 31.42, a current ratio of 1.71 and a quick ratio of 0.91.

Savaria (TSE:SIS) last released its earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share for the quarter. The company had revenue of C$235.54 million for the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%. Sell-side analysts forecast that Savaria Co. will post 1.2048518 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TD Securities increased their target price on shares of Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. TD upped their price target on shares of Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Scotiabank increased their price objective 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. Stifel Nicolaus raised their price objective 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. Finally, Desjardins raised their price objective 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. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$33.33.

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.