Savaria (TSE:SIS) Hits New 12-Month High – Should You Buy?

Savaria Co. (TSE:SIS)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$31.33 and last traded at C$31.15, with a volume of 5056 shares trading hands. The stock had previously closed at C$31.09.

Wall Street Analyst Weigh In

Several research firms have commented on SIS. 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 report on Wednesday, April 8th. TD increased their price target on Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. National Bank Financial increased their price target on Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Scotia lifted their price target on Savaria from C$30.00 to C$33.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 16th. Finally, Desjardins boosted their price objective on Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$33.33.

Savaria Price Performance

The business’s fifty day moving average is C$28.99 and its 200-day moving average is C$26.89. The company has a debt-to-equity ratio of 31.42, a current ratio of 1.71 and a quick ratio of 0.91. The firm has a market cap of C$2.25 billion, a PE ratio of 28.52, a P/E/G ratio of 42.72 and a beta of 1.03.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.31 EPS for the quarter. The business had revenue of C$235.55 million for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. On average, research analysts predict that Savaria Co. will post 1.2048518 earnings per share for the current fiscal year.

Insider Activity at Savaria

In other news, Director Peter Allen Drutz sold 9,736 shares of the firm’s stock in a transaction that occurred on Saturday, June 6th. The shares were sold at an average price of C$29.00, for a total transaction of C$282,344.00. Following the completion of the sale, the director owned 95,251 shares in the company, valued at C$2,762,279. This trade represents a 9.27% decrease in their position. Also, Director Marcel Bourassa sold 7,500 shares of Savaria stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$29.53, for a total transaction of C$221,475.00. Following the completion of the sale, the director directly owned 225,431 shares in the company, valued at C$6,656,977.43. This trade represents a 3.22% decrease in their position. In the last 90 days, insiders have sold 62,500 shares of company stock worth $1,761,124. 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.