Savaria (TSE:SIS) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Savaria (TSE:SIS) to a strong-buy rating in a research note released on Friday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. National Bank Financial raised their price objective on shares of Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. TD upped their target price on Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Scotia increased their target price on Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a report on Thursday, April 16th. Stifel Nicolaus increased their target price on Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Finally, ATB Cormark Capital Markets upped their price objective on Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$33.33.

Savaria Stock Performance

Shares of SIS stock opened at C$30.98 on Friday. The stock has a fifty day moving average price of C$29.49 and a 200 day moving average price of C$27.42. The company has a debt-to-equity ratio of 31.42, a quick ratio of 0.91 and a current ratio of 1.71. The stock has a market cap of C$2.23 billion, a PE ratio of 28.16, a P/E/G ratio of 42.72 and a beta of 1.03. Savaria has a 1 year low of C$19.54 and a 1 year high of C$31.95.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share (EPS) for the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%.The business had revenue of C$235.55 million during the quarter. Sell-side analysts forecast that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Activity

In other Savaria news, Director Peter Allen Drutz sold 9,736 shares of the business’s stock in a transaction on Saturday, June 6th. The stock was sold at an average price of C$29.00, for a total value of C$282,344.00. Following the completion of the transaction, the director directly owned 95,251 shares in the company, valued at approximately C$2,762,279. The trade was a 9.27% decrease in their position. Also, Director Les Teague sold 5,000 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$28.92, for a total value of C$144,600.00. Insiders have sold a total of 62,500 shares of company stock worth $1,761,124 in the last three months. 17.45% of the stock is owned by 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.