Savaria (TSE:SIS) Given a C$34.50 Price Target by Ventum Financial Analysts

Savaria (TSE:SIS) received a C$34.50 target price from research analysts at Ventum Financial in a research note issued on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s price target suggests a potential upside of 22.73% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. ATB Cormark Capital Markets upped their target price on shares of Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. TD boosted their price target on shares of Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Desjardins raised their price target on Savaria from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, TD Securities raised Savaria to a “strong-buy” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, Savaria has a consensus rating of “Buy” and a consensus price target of C$34.35.

Savaria Price Performance

SIS traded up C$0.38 on Thursday, hitting C$28.11. 94,421 shares of the company’s stock traded hands, compared to its average volume of 178,069. The company’s 50 day simple moving average is C$29.58 and its 200-day simple moving average is C$28.44. The company has a current ratio of 1.72, a quick ratio of 0.91 and a debt-to-equity ratio of 29.43. Savaria has a one year low of C$20.10 and a one year high of C$31.95. The firm has a market cap of C$2.03 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 42.72 and a beta of 0.97.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.35 earnings per share 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. As a group, research analysts anticipate that Savaria will post 1.2048518 EPS for the current year.

Insider Buying and Selling

In other Savaria news, Director Les Teague sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of C$28.92, for a total transaction of C$144,600.00. Also, Director Jean-Louis Chapdelaine sold 10,917 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of C$30.24, for a total value of C$330,130.08. Following the transaction, the director directly owned 100,000 shares in the company, valued at approximately C$3,024,000. This represents a 9.84% decrease in their position. Insiders have sold 72,011 shares of company stock valued at $2,165,688 in the last ninety days. 17.45% of the stock is owned by company insiders.

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.