Savaria (TSE:SIS) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Savaria Co. (TSE:SIS) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$28.98 and traded as high as C$30.20. Savaria shares last traded at C$30.13, with a volume of 319,964 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on SIS shares. ATB Cormark Capital Markets increased their price objective on Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. TD increased their price objective on shares of Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Desjardins upped 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. Ventum Financial set a C$34.50 target price on Savaria and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, TD Securities raised Savaria to a “strong-buy” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$34.35.

Savaria Stock Performance

The company has a debt-to-equity ratio of 29.43, a quick ratio of 0.91 and a current ratio of 1.72. The company has a market capitalization of C$2.17 billion, a P/E ratio of 24.90, a P/E/G ratio of 42.72 and a beta of 0.80. The business’s fifty day simple moving average is C$28.98 and its 200-day simple moving average is C$28.85.

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

Insider Buying and Selling at Savaria

In other Savaria news, Director Les Teague sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was 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 Savaria stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of C$29.21, for a total value of C$292,100.00. Following the completion of the sale, the insider directly owned 82,560 shares in the company, valued at approximately C$2,411,577.60. The trade was a 10.80% decrease in their position. Insiders sold 74,511 shares of company stock worth $2,239,313 in the last quarter. 17.45% of the stock is owned by corporate 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.