Ventum Financial Analysts Give Savaria (TSE:SIS) a C$34.50 Price Target

Ventum Financial set a C$34.50 price target on Savaria (TSE:SIS) in a research report sent to investors on Thursday, MarketBeat reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on SIS. TD raised their price target on shares of Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Desjardins increased their price objective on Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. TD Securities raised Savaria to a “strong-buy” rating in a research note on Friday, July 24th. Finally, ATB Cormark Capital Markets raised their target price on Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat, Savaria currently has a consensus rating of “Buy” and a consensus target price of C$34.35.

Savaria Stock Performance

SIS opened at C$28.12 on Thursday. Savaria has a 1-year low of C$20.10 and a 1-year high of C$31.95. The company has a market cap of C$2.03 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 42.72 and a beta of 0.97. The company’s fifty day moving average price is C$29.51 and its two-hundred day moving average price is C$28.46. The company has a current ratio of 1.72, a quick ratio of 0.91 and a debt-to-equity ratio of 29.43.

Savaria (TSE:SIS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$0.35 earnings per share (EPS) for the quarter. The firm had revenue of C$245.78 million during the quarter. Savaria had a net margin of 9.27% and a return on equity of 13.41%. On average, analysts expect that Savaria will post 1.2048518 EPS for the current fiscal year.

Insider Activity at Savaria

In related news, Director Marcel Bourassa sold 7,500 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 225,431 shares in the company, valued at approximately C$6,656,977.43. The trade was a 3.22% decrease in their ownership of the stock. Also, Director Les Teague sold 5,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$28.92, for a total transaction of C$144,600.00. Insiders have sold 72,011 shares of company stock valued at $2,165,688 over the last ninety days. Corporate insiders own 17.45% of the company’s stock.

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.