Savaria Co. (TSE:SIS) Given Consensus Recommendation of “Buy” by Analysts

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

SIS has been the subject of several recent research reports. Desjardins lifted their price objective on Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, August 7th. TD Securities raised shares of Savaria to a “strong-buy” rating in a report on Friday, July 24th. TD increased their target price on shares of Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets lifted their target price on shares of Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Ventum Financial set a C$34.50 target price on shares of Savaria and gave the stock a “buy” rating in a research note on Thursday, September 10th.

Insider Buying and Selling

In related news, Director Les Teague sold 5,000 shares of Savaria stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$28.92, for a total value of C$144,600.00. Also, Director Jean-Louis Chapdelaine sold 14,898 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of C$30.24, for a total transaction of C$450,515.52. Following the sale, the director directly owned 100,000 shares in the company, valued at C$3,024,000. The trade was a 12.97% decrease in their position. In the last ninety days, insiders sold 74,511 shares of company stock valued at $2,236,313. Company insiders own 17.45% of the company’s stock.

Savaria Price Performance

Shares of TSE SIS opened at C$29.48 on Friday. The stock has a fifty day simple moving average of C$29.25 and a two-hundred day simple moving average of C$28.66. Savaria has a 1-year low of C$20.10 and a 1-year high of C$31.95. The firm has a market cap of C$2.13 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 42.72 and a beta of 0.97. The company has a current ratio of 1.72, a quick ratio of 0.91 and a debt-to-equity ratio of 29.43.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, August 5th. The company reported C$0.35 earnings per share (EPS) for the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%.The firm had revenue of C$245.78 million for the quarter. Analysts anticipate that Savaria will post 1.2048518 earnings per share 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.