Savaria Co. (TSE:SIS) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Savaria Co. (TSE:SIS) have been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$34.33.

A number of research analysts have recently commented on the company. ATB Cormark Capital Markets raised their price target on Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, August 7th. TD Securities raised shares of Savaria to a “strong-buy” rating in a report on Friday, July 24th. TD increased their target price on shares of Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Desjardins raised their target price on shares of Savaria from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, August 7th.

Insider Activity at Savaria

In related news, Director Peter Allen Drutz sold 9,736 shares of the firm’s stock in a transaction that occurred on Saturday, June 6th. The shares were sold at an average price of C$29.00, for a total transaction of C$282,344.00. Following the transaction, the director owned 95,251 shares in the company, valued at C$2,762,279. This trade represents a 9.27% decrease in their ownership of the stock. Also, Director Marcel Bourassa sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$29.53, for a total value of C$221,475.00. Following 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. In the last 90 days, insiders sold 81,747 shares of company stock valued at $2,448,032. 17.45% of the stock is currently owned by insiders.

Savaria Stock Performance

Shares of SIS stock opened at C$28.24 on Monday. Savaria has a 12-month low of C$20.10 and a 12-month high of C$31.95. The company has a debt-to-equity ratio of 29.43, a current ratio of 1.72 and a quick ratio of 0.91. The firm has a market capitalization of C$2.04 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 42.72 and a beta of 1.04. The business has a 50 day simple moving average of C$29.77 and a 200 day simple moving average of C$28.27.

Savaria (TSE:SIS) last announced its 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 firm had revenue of C$245.78 million for the quarter. On average, equities research analysts anticipate that Savaria will post 1.2048518 EPS for the current year.

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.