Savaria Co. (TSE:SIS) Receives Average Rating of “Buy” from Brokerages

Savaria Co. (TSE:SISGet Free Report) has received an average recommendation of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$33.33.

Several equities analysts have recently issued reports on SIS shares. Stifel Nicolaus boosted their price objective on Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Raymond James Financial boosted their price target 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. Scotiabank upped their price target 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. ATB Cormark Capital Markets increased their price objective on shares of Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Finally, Scotia raised their price objective on shares of Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 16th.

View Our Latest Stock Report on Savaria

Insider Buying and Selling at Savaria

In other news, insider Jean-Philippe De Montigny purchased 2,420 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of C$25.50 per share, with a total value of C$61,710.00. Following the purchase, the insider owned 92,260 shares in the company, valued at C$2,352,630. This trade represents a 2.69% increase in their position. Also, Director Peter Allen Drutz sold 15,264 shares of Savaria stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$27.48, for a total value of C$419,454.72. Following the transaction, the director owned 104,987 shares in the company, valued at approximately C$2,885,042.76. This trade represents a 12.69% decrease in their ownership of the stock. In the last ninety days, insiders sold 50,000 shares of company stock valued at $1,395,049. 17.45% of the stock is owned by corporate insiders.

Savaria Stock Up 0.9%

Savaria stock opened at C$30.07 on Wednesday. The company has a debt-to-equity ratio of 31.42, a quick ratio of 0.91 and a current ratio of 1.71. Savaria has a one year low of C$18.71 and a one year high of C$30.62. The company has a 50-day simple moving average of C$28.65 and a 200-day simple moving average of C$25.62. The firm has a market capitalization of C$2.16 billion, a P/E ratio of 27.34, a P/E/G ratio of 42.72 and a beta of 1.06.

Savaria (TSE:SISGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share (EPS) for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. The firm had revenue of C$235.55 million during the quarter. As a group, equities analysts expect that Savaria will post 1.2048518 earnings per share for the current year.

Savaria Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Savaria (TSE:SIS)

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