Savaria Co. (TSE:SIS – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.56 and traded as low as C$28.34. Savaria shares last traded at C$28.75, with a volume of 172,926 shares.
Analyst Ratings Changes
Several analysts have issued reports on SIS shares. TD lifted their price objective on shares of Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, August 7th. TD Securities raised shares of Savaria to a “strong-buy” rating in a research report on Friday, July 24th. Ventum Financial set a C$34.50 target price on shares of Savaria and gave the company a “buy” rating in a research note on Thursday, September 10th. ATB Cormark Capital Markets raised their price target on shares of Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Desjardins lifted their price target on shares of Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$34.35.
Get Our Latest Report on Savaria
Savaria Price Performance
Savaria (TSE:SIS – Get Free Report) last posted 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 for the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%. Sell-side analysts anticipate that Savaria Co. will post 1.2048518 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Les Teague sold 5,000 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$28.92, for a total value of C$144,600.00. Also, Director Jean-Louis Chapdelaine sold 10,917 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of C$30.24, for a total transaction of C$330,130.08. Following the transaction, the director owned 100,000 shares in the company, valued at C$3,024,000. This trade represents a 9.84% decrease in their ownership of the stock. In the last 90 days, insiders sold 64,511 shares of company stock valued at $1,944,213. 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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