Shares of Savaria Co. (TSE:SIS – Get Free Report) have earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$34.35.
Several equities research analysts have recently weighed in on the company. Ventum Financial set a C$34.50 price target on Savaria and gave the company a “buy” rating in a research report on Thursday, September 10th. TD increased their price target on shares of 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 price target on shares of Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, August 7th. ATB Cormark Capital Markets raised their price objective on shares of Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, TD Securities upgraded shares of Savaria to a “strong-buy” rating in a research report on Friday, July 24th.
Check Out Our Latest Stock Analysis on Savaria
Savaria Stock Performance
TSE:SIS opened at C$29.60 on Tuesday. The business’s fifty day moving average is C$28.89 and its 200 day moving average is C$29.11. The firm has a market cap of C$2.13 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 42.72 and a beta of 0.80. The company has a debt-to-equity ratio of 29.43, a quick ratio of 0.91 and a current ratio of 1.72. Savaria has a 52-week low of C$20.72 and a 52-week high of C$31.95.
Savaria (TSE:SIS – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%. The business had revenue of C$245.78 million during the quarter. Research analysts predict that Savaria will post 1.20 EPS for the current year.
Insider Buying and Selling
In other Savaria news, insider Jean-Philippe De Montigny sold 10,000 shares of the 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 value of C$292,100.00. Following 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 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 transaction of C$330,130.08. Following the completion of the transaction, the director directly owned 100,000 shares of the company’s stock, valued at approximately C$3,024,000. The trade was a 9.84% decrease in their ownership of the stock. In the last 90 days, insiders have sold 74,511 shares of company stock valued at $2,239,313. Company insiders own 17.45% of the company’s stock.
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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