Savaria Co. (TSE:SIS) Stock Has Average Target Price of C$34.35

Shares of Savaria Co. (TSE:SIS) have earned an average recommendation of “Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$34.35.

A number of equities analysts have recently weighed in on SIS shares. TD upped their target price on Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. TD Securities upgraded Savaria to a “strong-buy” rating in a report on Friday, July 24th. Ventum Financial set a C$34.50 price target on shares of Savaria and gave the company a “buy” rating in a research report on Thursday, September 10th. ATB Cormark Capital Markets boosted their price target on shares of Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Desjardins started coverage on shares of Savaria in a research note on Wednesday, November 4th. They set a “moderate buy” rating for the company.

Insiders Place Their Bets

In other news, Director Les Teague sold 5,000 shares of Savaria stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of C$29.52, for a total transaction of C$147,600.00. Also, insider Jean-Philippe De Montigny sold 10,000 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of C$29.21, for a total transaction of C$292,100.00. Following the sale, the insider directly owned 82,560 shares of the company’s stock, valued at approximately C$2,411,577.60. The trade was a 10.80% decrease in their ownership of the stock. 17.45% of the stock is currently owned by company insiders.

Savaria Price Performance

SIS stock opened at C$30.22 on Friday. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.67 and a quick ratio of 0.91. The company’s 50-day moving average is C$29.28 and its 200-day moving average is C$28.33. The stock has a market capitalization of C$2.18 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 42.72 and a beta of 0.58. Savaria has a 1 year low of C$20.72 and a 1 year high of C$31.95.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, November 4th. The company reported C$0.32 EPS for the quarter. Savaria had a return on equity of 13.59% and a net margin of 9.44%. The business had revenue of C$245.03 million during the quarter. Equities research analysts expect that Savaria will post 1.20 EPS for the current fiscal 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.