Insider Selling: Savaria (TSE:SIS) Director Sells C$147,600.00 in Stock

Savaria Co. (TSE:SIS) Director Les Teague sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of C$29.52, for a total value of C$147,600.00.

Savaria Stock Performance

Shares of SIS traded up C$0.25 during mid-day trading on Friday, reaching C$29.65. The company’s stock had a trading volume of 322,933 shares, compared to its average volume of 194,368. Savaria Co. has a 1-year low of C$20.10 and a 1-year high of C$31.95. The stock has a market cap of C$2.14 billion, a P/E ratio of 24.50, a PEG ratio of 42.72 and a beta of 0.97. The business has a 50-day simple moving average of C$29.13 and a two-hundred day simple moving average of C$28.72. 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 (TSE:SIS) last issued its earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. The company had revenue of C$245.78 million during the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%. As a group, equities research analysts anticipate that Savaria Co. will post 1.2048518 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SIS has been the subject of a number of research analyst reports. Ventum Financial set a C$34.50 price objective on shares of Savaria and gave the stock a “buy” rating in a research report on Thursday, September 10th. Desjardins increased their price objective on shares of Savaria from C$36.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, August 7th. TD raised their target price 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. ATB Cormark Capital Markets lifted their target price on shares of Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, TD Securities upgraded shares of Savaria to a “strong-buy” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat, Savaria presently has an average rating of “Buy” and an average target price of C$34.35.

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.