Shares of Savaria Co. (TSE:SIS – Get Free Report) have been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$34.35.
A number of equities analysts recently issued reports on SIS shares. Ventum Financial set a C$34.50 target price on Savaria and gave the stock a “buy” rating in a research note on Thursday, September 10th. TD boosted their price target on 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 Savaria to a “strong-buy” rating in a report on Friday, July 24th. ATB Cormark Capital Markets raised their price objective on Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Desjardins lifted 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.
View Our Latest Analysis on Savaria
Savaria Stock Down 0.0%
Savaria (TSE:SIS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.35 earnings per share (EPS) 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 during the quarter. Analysts anticipate that Savaria will post 1.2048518 EPS for the current year.
Insider Activity at Savaria
In other Savaria news, insider Jean-Philippe De Montigny sold 10,000 shares of Savaria stock in a transaction that occurred on Monday, September 21st. The shares were 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 approximately C$2,411,577.60. The trade was a 10.80% decrease in their position. Also, Director Jean-Louis Chapdelaine sold 14,898 shares of the company’s 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$450,515.52. Following the completion of the sale, the director directly owned 100,000 shares in the company, valued at C$3,024,000. This trade represents a 12.97% decrease in their ownership of the stock. In the last quarter, insiders sold 69,511 shares of company stock worth $2,091,713. 17.45% of the stock is owned by corporate insiders.
Savaria Company Profile
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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