Savaria Co. (SIS.TO) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts are broadly bullish on Savaria: all ten covering firms recommend buying the stock, including nine “buy” ratings and one “strong buy.” The average 12-month price target is C$34.35, above the C$28.95 opening price.
• Several brokerages recently raised their targets, with Desjardins setting the highest cited target at C$39, followed by ATB Cormark at C$38 and TD at C$37.
• Savaria reported quarterly EPS of C$0.35 on revenue of C$245.78 million, while insiders sold 74,511 shares worth approximately C$2.24 million over the past 90 days.

Shares of Savaria Co. (TSE:SIS - Get Free Report) have been given a consensus recommendation of "Buy" by the ten ratings firms that are presently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$34.35.

A number of equities research analysts have recently commented on the stock. Ventum Financial set a C$34.50 price objective on shares of Savaria and gave the stock a "buy" rating in a research note on Thursday, September 10th. TD boosted their target price on shares of Savaria from C$35.00 to C$37.00 and gave the company a "buy" rating in a research note on Friday, August 7th. TD Securities upgraded shares of Savaria to a "strong-buy" rating in a research note on Friday, July 24th. ATB Cormark Capital Markets increased their price target on shares of Savaria from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Finally, Desjardins increased their price target on shares of Savaria from C$36.00 to C$39.00 and gave the stock a "buy" rating in a report on Friday, August 7th.

Savaria Price Performance

Shares of SIS opened at C$28.95 on Tuesday. The company has a market cap of C$2.09 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 42.72 and a beta of 0.80. Savaria has a twelve month low of C$20.72 and a twelve month high of C$31.95. The company has a quick ratio of 0.91, a current ratio of 1.72 and a debt-to-equity ratio of 29.43. The company has a 50 day moving average of C$28.94 and a two-hundred day moving average of C$29.04.

Savaria (TSE:SIS - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. The firm had revenue of C$245.78 million for the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%. As a group, analysts predict that Savaria will post 1.20 earnings per share for the current fiscal year.

Insider Buying and Selling at Savaria

In other news, insider Jean-Philippe De Montigny sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of C$29.21, for a total value of C$292,100.00. Following the transaction, the insider owned 82,560 shares in the company, valued at C$2,411,577.60. This trade represents a 10.80% decrease in their ownership of the stock. Also, Director Jean-Louis Chapdelaine sold 14,898 shares of the business's stock in a transaction dated 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 transaction, the director owned 100,000 shares in the company, valued at C$3,024,000. The trade was a 12.97% decrease in their ownership of the stock. Insiders have sold a total of 74,511 shares of company stock valued at $2,239,313 over 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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