Savaria (TSE:SIS) Given New C$39.00 Price Target at Desjardins

Savaria (TSE:SIS) had its target price upped by Desjardins from C$36.00 to C$39.00 in a report released on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently commented on the stock. National Bank Financial upped their price objective on shares of 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 raised their target price on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. TD boosted their price target on Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. TD Securities raised Savaria to a “strong-buy” rating in a research report on Friday, July 24th. Finally, Scotia increased their price objective 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. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$34.33.

Savaria Stock Down 1.4%

Shares of TSE SIS opened at C$30.40 on Friday. The firm’s fifty day moving average is C$29.77 and its 200 day moving average is C$27.84. Savaria has a 52 week low of C$20.10 and a 52 week high of C$31.95. The company has a quick ratio of 0.91, a current ratio of 1.71 and a debt-to-equity ratio of 31.42. The company has a market cap of C$2.19 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 42.72 and a beta of 1.04.

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

Insider Activity at Savaria

In other news, Director Peter Allen Drutz sold 15,264 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$27.48, for a total value of C$419,454.72. Following the completion of the sale, the director directly owned 104,987 shares of the company’s stock, valued at approximately C$2,885,042.76. This trade represents a 12.69% decrease in their position. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$27.73, for a total transaction of C$693,250.00. Following the sale, the director directly owned 100,000 shares in the company, valued at C$2,773,000. The trade was a 20.00% decrease in their position. Insiders have sold a total of 62,500 shares of company stock valued at $1,761,124 over the last quarter. 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.