Analysts Set Savaria Co. (TSE:SIS) PT at C$33.33

Shares of Savaria Co. (TSE:SIS) have been given a consensus rating of “Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$33.33.

A number of equities analysts have weighed in on SIS shares. Desjardins boosted their target price on Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. National Bank Financial raised their price target on shares of Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Raymond James Financial lifted their price target 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. Stifel Nicolaus boosted their price objective on shares of Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Finally, Scotia increased their price objective on shares of Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 16th.

Savaria Stock Down 1.8%

Savaria stock opened at C$30.35 on Friday. Savaria has a 12 month low of C$19.41 and a 12 month high of C$31.00. The stock has a fifty day simple moving average of C$28.96 and a two-hundred day simple moving average of C$26.83. 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 firm has a market cap of C$2.18 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 42.72 and a beta of 1.03.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share (EPS) for the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%.The firm had revenue of C$235.55 million for the quarter. Equities analysts predict that Savaria will post 1.2048518 EPS for the current fiscal year.

Insider Activity at Savaria

In other Savaria news, Director Marcel Bourassa sold 7,500 shares of the business’s stock in a transaction on 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 completion of the sale, 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. Also, Director Peter Allen Drutz sold 9,736 shares of the stock in a transaction on Saturday, June 6th. The shares were sold at an average price of C$29.00, for a total value of C$282,344.00. Following the transaction, the director directly owned 95,251 shares in the company, valued at C$2,762,279. The trade was a 9.27% decrease in their ownership of the stock. Insiders have sold a total of 62,500 shares of company stock valued at $1,761,124 in the last quarter. 17.45% of the stock is currently owned by corporate insiders.

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.