Savaria (TSE:SIS) Sets New 1-Year High – Should You Buy?

Savaria Co. (TSE:SISGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$30.67 and last traded at C$30.66, with a volume of 141797 shares changing hands. The stock had previously closed at C$30.13.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SIS. ATB Cormark Capital Markets boosted their target price on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Desjardins raised their price target on Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Raymond James Financial lifted their price objective on Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. 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 note on Wednesday, April 8th. Finally, Scotia increased their target price on Savaria from C$30.00 to C$33.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 16th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$33.33.

Read Our Latest Research Report on SIS

Savaria Trading Down 1.3%

The business’s fifty day moving average is C$28.96 and its two-hundred day moving average is C$26.77. The firm has a market cap of C$2.19 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.71 and a debt-to-equity ratio of 31.42.

Savaria (TSE:SISGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.31 EPS for the quarter. The company had revenue of C$235.55 million during the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%. 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 related news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$27.73, for a total value of C$693,250.00. Following the sale, the director owned 100,000 shares of the company’s stock, valued at C$2,773,000. The trade was a 20.00% decrease in their ownership of the stock. Also, Director Peter Allen Drutz sold 15,264 shares of the 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 completion of the sale, the director owned 104,987 shares of the company’s stock, valued at C$2,885,042.76. The trade was a 12.69% decrease in their ownership of the stock. In the last quarter, insiders have sold 62,500 shares of company stock valued at $1,761,124. Insiders own 17.45% of the company’s stock.

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.

Further Reading

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