Savaria Co. (TSE:SIS) Given Average Recommendation of “Buy” by Brokerages

Shares of Savaria Co. (TSE:SIS) have received an average rating of “Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$33.33.

A number of equities analysts recently commented on the company. Raymond James Financial lifted their price target on Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. National Bank Financial upped their price objective on Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets increased their target price on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Scotia increased their target price on Savaria from C$30.00 to C$33.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 16th. Finally, Stifel Nicolaus lifted their target price on Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th.

Savaria Price Performance

Shares of SIS stock opened at C$29.41 on Thursday. The firm has a market cap of C$2.11 billion, a P/E ratio of 26.74, a P/E/G ratio of 42.72 and a beta of 1.03. The company has a debt-to-equity ratio of 31.42, a current ratio of 1.71 and a quick ratio of 0.91. Savaria has a 1-year low of C$19.54 and a 1-year high of C$31.95. The firm has a fifty day moving average of C$29.63 and a two-hundred day moving average of C$27.59.

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

Insider Buying and Selling at Savaria

In other Savaria news, Director Marcel Bourassa sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$29.53, for a total value of C$221,475.00. Following the transaction, the director owned 225,431 shares of the company’s stock, valued at C$6,656,977.43. This trade represents a 3.22% decrease in their ownership of the stock. Also, Director Les Teague sold 5,000 shares of the firm’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. In the last quarter, insiders have sold 62,500 shares of company stock valued at $1,761,124. Corporate 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.