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

Savaria Co. (TSE:SIS) has earned a consensus rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have covered the stock in the last year is C$33.33.

Several analysts recently issued reports on the stock. TD Securities increased their price target on shares of Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. ATB Cormark Capital Markets raised their price target on shares of Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Raymond James Financial raised their price target on shares of Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Stifel Nicolaus lifted their target price on shares of Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Finally, Scotiabank lifted their target price on shares of Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th.

Insider Buying and Selling at Savaria

In other Savaria news, Director Peter Allen Drutz sold 15,264 shares of Savaria stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$27.48, for a total value of C$419,454.72. Following the completion of the sale, the director directly owned 104,987 shares of the company’s stock, valued at approximately C$2,885,042.76. The trade was a 12.69% decrease in their ownership of the stock. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction on 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 directly owned 100,000 shares of the company’s stock, valued at approximately C$2,773,000. This trade represents a 20.00% decrease in their ownership of the stock. Insiders own 17.45% of the company’s stock.

Savaria Stock Up 1.6%

Shares of SIS opened at C$29.04 on Friday. Savaria has a 12 month low of C$18.71 and a 12 month high of C$30.62. The firm’s 50 day moving average is C$27.87 and its 200-day moving average is C$25.03. The stock has a market capitalization of C$2.09 billion, a PE ratio of 26.40, a P/E/G ratio of 42.72 and a beta of 0.97. The company has a current ratio of 1.71, a quick ratio of 0.91 and a debt-to-equity ratio of 31.42.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, May 6th. The company reported C$0.31 EPS for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. The company had revenue of C$235.55 million for the quarter. Equities research analysts forecast that Savaria will post 1.2048518 EPS for the current year.

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.