Savaria (TSE:SIS) PT Set at C$34.50 by Ventum Financial

Key Points

• Ventum Financial set a C$34.50 price target for Savaria and maintained a “buy” rating, implying 22.73% upside from the stock’s C$28.11 price at the time of reporting.
• Analyst sentiment remains positive: Savaria has one “strong buy” and nine “buy” ratings, with a consensus price target of C$34.35. Several brokerages recently raised their targets to between C$37.00 and C$39.00.
• Savaria reported quarterly EPS of C$0.35 on revenue of C$245.78 million, while insiders sold 72,011 shares worth approximately C$2.17 million over the prior 90 days.

Savaria (TSE:SIS - Get Free Report) has been assigned a C$34.50 price objective by Ventum Financial in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Ventum Financial's target price points to a potential upside of 22.73% from the stock's current price.

A number of other analysts have also recently commented on SIS. TD Securities upgraded Savaria to a "strong-buy" rating in a research report on Friday, July 24th. Desjardins raised their target price on Savaria from C$36.00 to C$39.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. TD boosted their price target on Savaria from C$35.00 to C$37.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, ATB Cormark Capital Markets upped their price target on shares of Savaria from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat.com, Savaria presently has an average rating of "Buy" and a consensus target price of C$34.35.

Savaria Stock Performance

Shares of SIS traded up C$0.38 during mid-day trading on Thursday, hitting C$28.11. 94,421 shares of the company traded hands, compared to its average volume of 178,069. The stock has a market cap of C$2.03 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 42.72 and a beta of 0.97. The stock has a 50-day moving average price of C$29.58 and a two-hundred day moving average price of C$28.44. Savaria has a 1 year low of C$20.10 and a 1 year high of C$31.95. The company has a debt-to-equity ratio of 29.43, a quick ratio of 0.91 and a current ratio of 1.72.

Savaria (TSE:SIS - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$245.78 million during the quarter. Savaria had a net margin of 9.27% and a return on equity of 13.41%. Equities analysts anticipate that Savaria will post 1.2048518 earnings per share for the current year.

Insider Activity

In related news, Director Jean-Louis Chapdelaine sold 14,898 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of C$30.24, for a total transaction of C$450,515.52. Following the completion of the transaction, the director directly owned 100,000 shares in the company, valued at approximately C$3,024,000. The trade was a 12.97% decrease in their position. Also, Director Marcel Bourassa sold 7,500 shares of the firm's 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 sale, the director owned 225,431 shares in the company, valued at approximately C$6,656,977.43. The trade was a 3.22% decrease in their position. Insiders have sold a total of 72,011 shares of company stock valued at $2,165,688 in the last ninety days. Corporate insiders own 17.45% of the company's stock.

Savaria Company Profile

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.

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