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

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

A number of analysts have recently weighed in on SIS shares. Raymond James Financial upped their target price on shares of Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets lifted their price target on shares of Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. TD boosted their price objective on shares of Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Scotiabank upped their price objective on shares of Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Finally, National Bank Financial raised their target price on shares of Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd.

Insider Activity

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$27.73, for a total transaction of C$693,250.00. Following the completion of the transaction, the director directly owned 100,000 shares in the company, valued at approximately C$2,773,000. This trade represents a 20.00% decrease in their ownership of the stock. Also, insider Jean-Philippe De Montigny bought 2,420 shares of the 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 acquisition, the insider directly owned 92,260 shares of the company’s stock, valued at approximately C$2,352,630. The trade was a 2.69% increase in their position. Company insiders own 17.45% of the company’s stock.

Savaria Stock Up 0.8%

Shares of TSE:SIS opened at C$27.95 on Friday. The firm has a market capitalization of C$2.01 billion, a P/E ratio of 25.41, a P/E/G ratio of 42.72 and a beta of 0.97. The company has a debt-to-equity ratio of 31.42, a quick ratio of 0.91 and a current ratio of 1.71. The stock has a 50 day moving average price of C$27.74 and a 200-day moving average price of C$24.95. Savaria has a 52-week low of C$18.71 and a 52-week high of C$30.62.

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