Savaria Co. (TSE:SIS) Receives Consensus Recommendation of “Buy” from Analysts

Savaria Co. (TSE:SIS) has been given an average recommendation of “Buy” by the nine brokerages that are covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$33.33.

Several research firms have recently commented on SIS. Desjardins raised their price objective on shares of Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. National Bank Financial increased their target price on shares of Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. ATB Cormark Capital Markets boosted their price target on shares of Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. TD Securities upped their price objective on Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Scotiabank lifted their target price on Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, March 6th.

Savaria Price Performance

SIS stock opened at C$29.47 on Wednesday. The business’s fifty day moving average price is C$28.91 and its 200 day moving average price is C$25.90. Savaria has a 12-month low of C$18.71 and a 12-month 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 company has a market capitalization of C$2.12 billion, a PE ratio of 26.79, a P/E/G ratio of 42.72 and a beta of 1.06.

Savaria (TSE:SIS) last released its earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share for the quarter. The company 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%. On average, sell-side analysts anticipate that Savaria will post 1.2048518 EPS for the current year.

Insider Activity

In related news, insider Jean-Philippe De Montigny acquired 2,420 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average price of C$25.50 per share, for a total transaction of C$61,710.00. Following the purchase, the insider owned 92,260 shares of the company’s stock, valued at C$2,352,630. This represents a 2.69% increase in their position. Also, Director Peter Allen Drutz sold 15,264 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$27.48, for a total transaction of C$419,454.72. Following the sale, the director owned 104,987 shares in the company, valued at C$2,885,042.76. The trade was a 12.69% decrease in their ownership of the stock. In the last quarter, insiders sold 50,000 shares of company stock worth $1,395,049. 17.45% of the stock is currently owned by company insiders.

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.