Analysts Set Savaria Co. (TSE:SIS) PT at C$33.33

Savaria Co. (TSE:SIS) has received a consensus rating of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$33.33.

Several equities research analysts have commented on the stock. National Bank Financial boosted their price target on shares of Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Scotiabank boosted their price target on shares of Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Scotia boosted their price objective 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. TD Securities boosted their price objective on Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Stifel Nicolaus boosted their price objective on Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th.

Insiders Place Their Bets

In related news, insider Jean-Philippe De Montigny acquired 2,420 shares of the business’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of C$25.50 per share, for a total transaction of C$61,710.00. Following the acquisition, the insider owned 92,260 shares in the company, valued at approximately C$2,352,630. This represents a 2.69% increase in their ownership of the stock. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$27.73, for a total value of C$693,250.00. Following the sale, the director owned 100,000 shares in the company, valued at approximately C$2,773,000. The trade was a 20.00% decrease in their position. In the last quarter, insiders have sold 50,000 shares of company stock worth $1,395,049. Company insiders own 17.45% of the company’s stock.

Savaria Price Performance

Shares of Savaria stock opened at C$29.04 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 0.91 and a debt-to-equity ratio of 31.42. The company’s 50-day moving average price is C$28.81 and its two-hundred day moving average price is C$25.79. Savaria has a 52 week low of C$18.71 and a 52 week high of C$30.62. The stock has a market cap of C$2.09 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 42.72 and a beta of 1.06.

Savaria (TSE:SIS) last issued its quarterly 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 firm had revenue of C$235.55 million for the quarter. As a group, sell-side analysts anticipate that Savaria will post 1.2048518 EPS for the current fiscal 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.