Savaria Co. (TSE:SIS) Receives Average Rating of “Buy” from Brokerages

Savaria Co. (TSE:SIS) has earned an average rating of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$34.35.

Several research analysts have recently issued reports on SIS shares. Desjardins upped their price objective on Savaria from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, August 7th. TD Securities raised shares of Savaria to a “strong-buy” rating in a report on Friday, July 24th. ATB Cormark Capital Markets upped their price target on shares of Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Ventum Financial set a C$34.50 price target on shares of Savaria and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, TD lifted their price target on shares of Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday, August 7th.

Savaria Price Performance

Shares of SIS opened at C$28.75 on Friday. Savaria has a 12-month low of C$20.10 and a 12-month high of C$31.95. The business has a 50-day simple moving average of C$29.36 and a two-hundred day simple moving average of C$28.56. The company has a quick ratio of 0.91, a current ratio of 1.72 and a debt-to-equity ratio of 29.43. The stock has a market cap of C$2.07 billion, a PE ratio of 23.76, a PEG ratio of 42.72 and a beta of 0.97.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. The firm had revenue of C$245.78 million for the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%. Analysts anticipate that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Buying and Selling at Savaria

In other news, Director Jean-Louis Chapdelaine sold 14,898 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of C$30.24, for a total value of C$450,515.52. Following the completion of the sale, the director owned 100,000 shares of the company’s stock, valued at approximately C$3,024,000. This represents a 12.97% decrease in their ownership of the stock. Also, Director Les Teague sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$28.92, for a total value of C$144,600.00. Over the last ninety days, insiders have sold 64,511 shares of company stock valued at $1,944,213. 17.45% of the stock is owned by corporate 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.