Savaria (TSE:SIS) Sets New 12-Month High – Time to Buy?

Shares of Savaria Co. (TSE:SIS) reached a new 52-week high on Tuesday . The company traded as high as C$30.67 and last traded at C$30.66, with a volume of 141797 shares traded. The stock had previously closed at C$30.13.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Desjardins increased their price objective on Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Raymond James Financial lifted their target price on shares of Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets lifted their price objective on Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. National Bank Financial upped their price target on shares of Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Stifel Nicolaus increased their price objective on shares of Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$33.33.

Savaria Trading Up 1.8%

The firm has a 50 day simple moving average of C$28.93 and a 200 day simple moving average of C$26.65. 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 capitalization of C$2.20 billion, a PE ratio of 27.87, a P/E/G ratio of 42.72 and a beta of 1.03.

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

Insider Transactions at Savaria

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$27.73, for a total transaction of C$693,250.00. Following the completion of the sale, the director owned 100,000 shares of the company’s stock, valued at C$2,773,000. This represents a 20.00% decrease in their position. Also, Director Les Teague sold 5,000 shares of the firm’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. Insiders sold a total of 62,500 shares of company stock worth $1,761,124 in the last ninety days. Insiders own 17.45% of the company’s stock.

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.