TD Increases Savaria (TSE:SIS) Price Target to C$37.00

Savaria (TSE:SIS) had its price target lifted by investment analysts at TD from C$35.00 to C$37.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 22.11% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. TD Securities upgraded Savaria to a “strong-buy” rating in a report on Friday, July 24th. ATB Cormark Capital Markets boosted their price target on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. National Bank Financial increased 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. Desjardins raised their price objective on Savaria from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Friday. Finally, Raymond James Financial lifted their target price on shares of Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$34.33.

Savaria Price Performance

SIS traded down C$0.54 during midday trading on Friday, hitting C$30.30. 213,749 shares of the company traded hands, compared to its average volume of 179,088. The company has a current ratio of 1.71, a quick ratio of 0.91 and a debt-to-equity ratio of 31.42. The company has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 42.72 and a beta of 1.04. Savaria has a 52-week low of C$20.10 and a 52-week high of C$31.95. The business has a 50 day simple moving average of C$29.73 and a two-hundred day simple moving average of C$27.82.

Savaria (TSE:SIS) last released its earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. The business had revenue of C$245.78 million during the quarter. On average, equities analysts forecast that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Peter Allen Drutz sold 9,736 shares of Savaria stock in a transaction on Saturday, June 6th. The stock was sold at an average price of C$29.00, for a total transaction of C$282,344.00. Following the transaction, the director owned 95,251 shares in the company, valued at C$2,762,279. The trade was a 9.27% decrease in their position. Also, Director Marcel Bourassa sold 7,500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$29.53, for a total transaction of C$221,475.00. Following the transaction, the director directly owned 225,431 shares in the company, valued at approximately C$6,656,977.43. The trade was a 3.22% decrease in their position. Insiders have sold 62,500 shares of company stock valued at $1,761,124 in the last quarter. 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.