Savaria Co. (TSE:SIS – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.31 and traded as low as C$27.88. Savaria shares last traded at C$27.93, with a volume of 314,387 shares.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. ATB Cormark Capital Markets increased their price objective on shares of Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. TD Securities upgraded shares of Savaria to a “strong-buy” rating in a report on Friday, July 24th. TD lifted their price target on Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Desjardins increased their price objective on Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$34.33.
Read Our Latest Stock Report on SIS
Savaria Price Performance
Savaria (TSE:SIS – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported C$0.35 earnings per share 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 for the quarter. As a group, equities research analysts anticipate that Savaria Co. will post 1.2048518 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Peter Allen Drutz sold 9,736 shares of the firm’s stock in a transaction on Saturday, June 6th. The stock was sold at an average price of C$29.00, for a total transaction of C$282,344.00. Following the completion of the sale, the director directly owned 95,251 shares of the company’s stock, valued at C$2,762,279. This trade represents a 9.27% decrease in their position. Also, Director Jean-Louis Chapdelaine sold 10,917 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of C$30.24, for a total value of C$330,130.08. Following the completion of the sale, the director owned 100,000 shares of the company’s stock, valued at approximately C$3,024,000. This trade represents a 9.84% decrease in their ownership of the stock. Insiders have sold 81,747 shares of company stock valued at $2,448,032 in the last 90 days. Insiders own 17.45% of the company’s stock.
About Savaria
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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