Peter Allen Drutz Sells 9,736 Shares of Savaria (TSE:SIS) Stock

Savaria Co. (TSE:SIS) Director Peter Allen Drutz sold 9,736 shares of the business’s stock in a transaction dated Saturday, June 6th. The stock was sold at an average price of C$29.00, for a total value of C$282,344.00. Following the sale, the director owned 95,251 shares in the company, valued at approximately C$2,762,279. This trade represents a 9.27% decrease in their ownership of the stock.

Peter Allen Drutz also recently made the following trade(s):

• On Wednesday, May 13th, Peter Allen Drutz sold 15,264 shares of Savaria stock. The shares were sold at an average price of C$27.48, for a total transaction of C$419,454.72.

Savaria Trading Up 1.7%

TSE:SIS traded up C$0.49 during mid-day trading on Friday, hitting C$29.11. 145,325 shares of the company’s stock were exchanged, compared to its average volume of 175,471. Savaria Co. has a fifty-two week low of C$18.71 and a fifty-two week high of C$30.62. 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$2.09 billion, a P/E ratio of 26.46, a PEG ratio of 42.72 and a beta of 1.06. The company has a 50 day simple moving average of C$28.49 and a 200-day simple moving average of C$25.48.

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. The firm had revenue of C$235.55 million during the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. As a group, research analysts expect that Savaria Co. will post 1.2048518 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SIS has been the topic of several recent research reports. Scotiabank lifted their target price on Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. ATB Cormark Capital Markets raised their price objective on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. National Bank Financial lifted their price objective on Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Raymond James Financial upped their target price on Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Finally, TD raised their price target on shares of Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$33.33.

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.