Savaria Co. (TSE:SIS) Given Average Rating of “Buy” by Brokerages

Shares of Savaria Co. (TSE:SISGet Free Report) have been given an average recommendation of “Buy” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$33.33.

A number of equities analysts have commented on SIS shares. Raymond James Financial boosted their price target on shares of Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets raised their price objective on shares of Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. TD lifted their target price on shares of Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Stifel Nicolaus boosted their target price on Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Finally, Desjardins increased their price target on Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th.

View Our Latest Research Report on Savaria

Insiders Place Their Bets

In other Savaria news, Director Peter Allen Drutz sold 15,264 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was 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 of the company’s stock, valued at approximately C$2,885,042.76. The trade was a 12.69% decrease in their ownership of the stock. Also, Director Marcel Bourassa sold 7,500 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of C$29.53, for a total value of C$221,475.00. Following the sale, the director owned 225,431 shares in the company, valued at C$6,656,977.43. The trade was a 3.22% decrease in their position. Insiders sold a total of 62,500 shares of company stock worth $1,761,124 in the last three months. Company insiders own 17.45% of the company’s stock.

Savaria Price Performance

Shares of Savaria stock opened at C$30.18 on Friday. The firm has a market cap of C$2.17 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The firm’s 50-day simple moving average is C$28.93 and its 200-day simple moving average is C$26.56. Savaria has a twelve month low of C$19.25 and a twelve month high of C$30.62. 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 (TSE:SISGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share (EPS) for the quarter. The firm had revenue of C$235.55 million during the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. As a group, research analysts expect that Savaria will post 1.2048518 EPS for the current fiscal 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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