Savaria Co. (TSE:SIS) Stock Has Consensus Price Target of C$34.35

Shares of Savaria Co. (TSE:SIS) have been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$34.35.

Several equities research analysts have commented on the stock. Desjardins boosted their target price on shares of Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets increased their price target on shares of Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, August 7th. TD increased their price target on shares of Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Ventum Financial set a C$34.50 price objective on shares of Savaria and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, TD Securities raised shares of Savaria to a “strong-buy” rating in a report on Friday, July 24th.

Savaria Stock Up 1.7%

Savaria stock opened at C$30.22 on Friday. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.67 and a quick ratio of 0.91. Savaria has a 1-year low of C$20.72 and a 1-year high of C$31.95. The company has a market cap of C$2.18 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 42.72 and a beta of 0.58. The stock’s 50 day moving average price is C$29.17 and its 200 day moving average price is C$28.28.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C$0.32 earnings per share for the quarter. The firm had revenue of C$245.03 million for the quarter. Savaria had a return on equity of 13.59% and a net margin of 9.44%. On average, sell-side analysts predict that Savaria will post 1.20 EPS for the current fiscal year.

Insider Transactions at Savaria

In other news, insider Jean-Philippe De Montigny sold 10,000 shares of Savaria stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of C$29.21, for a total transaction of C$292,100.00. Following the completion of the sale, the insider directly owned 82,560 shares in the company, valued at approximately C$2,411,577.60. This trade represents a 10.80% decrease in their position. Also, Director Les Teague sold 5,000 shares of Savaria stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$29.52, for a total transaction of C$147,600.00. Company insiders own 17.45% of the company’s stock.

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.