ATB Cormark Capital Markets Boosts Savaria (TSE:SIS) Price Target to C$38.00

Savaria (TSE:SIS) had its price target upped by equities researchers at ATB Cormark Capital Markets from C$35.00 to C$38.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 25.41% from the company’s previous close.

A number of other research analysts have also issued reports on SIS. Scotia lifted their target price 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 raised shares of Savaria to a “strong-buy” rating in a report on Friday, July 24th. TD raised their price objective on shares of Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday. Raymond James Financial lifted their price objective on shares of Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, Desjardins boosted their target price on shares of Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$34.33.

Savaria Price Performance

SIS traded down C$0.54 during trading on Friday, reaching C$30.30. The stock had a trading volume of 213,749 shares, compared to its average volume of 179,088. The stock has a 50 day moving average of C$29.73 and a two-hundred day moving average of C$27.82. The company has a quick ratio of 0.91, a current ratio of 1.71 and a debt-to-equity ratio of 31.42. The firm has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 42.72 and a beta of 1.04. Savaria has a 1-year low of C$20.10 and a 1-year high of C$31.95.

Savaria (TSE:SIS) last issued its quarterly 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 12.41% and a net margin of 8.50%.The company had revenue of C$245.78 million for the quarter. As a group, equities analysts anticipate that Savaria will post 1.2048518 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Peter Allen Drutz sold 15,264 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$27.48, for a total transaction of C$419,454.72. Following the sale, the director directly owned 104,987 shares of the company’s stock, valued at C$2,885,042.76. The trade was a 12.69% decrease in their ownership of the stock. Also, Director Les Teague sold 5,000 shares of the company’s stock in a transaction 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. Over the last quarter, insiders have sold 62,500 shares of company stock valued at $1,761,124. Insiders own 17.45% of the company’s stock.

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.