Savaria (TSE:SIS) Insider Sells C$292,100.00 in Stock

Savaria Co. (TSE:SIS – Get Free Report) insider Jean-Philippe De Montigny sold 10,000 shares of the firm’s 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 transaction of C$292,100.00. Following the completion of the sale, the insider directly owned 82,560 shares in the company, valued at C$2,411,577.60. This represents a 10.80% decrease in their ownership of the stock.

Savaria Price Performance

Shares of Savaria stock opened at C$29.40 on Friday. The business’s fifty day moving average price is C$29.16 and its 200 day moving average price is C$28.71. Savaria Co. has a twelve month low of C$20.10 and a twelve month high of C$31.95. The company has a current ratio of 1.72, a quick ratio of 0.91 and a debt-to-equity ratio of 29.43. The stock has a market capitalization of C$2.12 billion, a P/E ratio of 24.30, a PEG ratio of 42.72 and a beta of 0.97.

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Savaria (TSE:SIS – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$0.35 earnings per share (EPS) for the quarter. The company 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%. As a group, research analysts anticipate that Savaria Co. will post 1.2048518 earnings per share for the current year.

Analyst Ratings Changes

SIS has been the subject of a number of research reports. Ventum Financial set a C$34.50 price target on Savaria and gave the stock a “buy” rating in a research note on Thursday, September 10th. TD increased their target price on Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Desjardins increased their target price on Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, August 7th. TD Securities upgraded Savaria to a “strong-buy” rating in a research report on Friday, July 24th. Finally, ATB Cormark Capital Markets boosted their price target 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 analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$34.35.

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About Savaria

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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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