Savaria (SIS) Downgraded by National Bank Financial

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Savaria (TSE:SIS) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Friday, September 21st. They currently have a C$21.00 price target on the stock. National Bank Financial’s price objective indicates a potential upside of 13.45% from the company’s current price. National Bank Financial also issued estimates for Savaria’s Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.14 EPS and FY2019 earnings at $0.84 EPS.

Other equities analysts have also recently issued reports about the stock. Desjardins lifted their price objective on shares of Savaria from C$20.00 to C$22.00 in a research report on Wednesday, July 11th. Cormark lifted their price objective on shares of Savaria from C$20.00 to C$21.00 in a research report on Wednesday, September 5th.

TSE SIS opened at C$18.51 on Friday. Savaria has a 12-month low of C$14.55 and a 12-month high of C$20.95.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, August 8th. The company reported C$0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.12 by C$0.02. The business had revenue of C$64.24 million for the quarter, compared to the consensus estimate of C$66.15 million. Savaria had a net margin of 8.58% and a return on equity of 14.53%.

In other news, Director Peter Allen Drutz sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of C$19.79, for a total value of C$98,950.00. Also, Director Alain Tremblay sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of C$20.84, for a total value of C$41,680.00. In the last three months, insiders sold 12,100 shares of company stock valued at $245,445.

About Savaria

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.

See Also: Stock Symbols and CUSIP Explained

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