Savaria Co. (TSE:SIS) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts remain bullish on Savaria: Ten firms give the stock an average “Buy” rating, including nine buys and one strong buy. The average one-year price target is C$34.35, with several analysts recently raising their targets.
• Savaria reported quarterly revenue of C$245.78 million and earnings of C$0.35 per share, while maintaining a 9.27% net margin and 13.41% return on equity.
• The stock opened at C$28.75, with a market capitalization of approximately C$2.07 billion; insiders sold 64,511 shares worth about C$1.94 million during the last quarter.

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

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

Savaria Stock Up 0.6%

SIS stock opened at C$28.75 on Friday. The company has a market cap of C$2.07 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 42.72 and a beta of 0.97. The business has a 50-day simple moving average of C$29.36 and a 200 day simple moving average of C$28.56. Savaria has a 52 week low of C$20.10 and a 52 week 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.

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

Insider Transactions at Savaria

In other news, Director Les Teague sold 5,000 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$28.92, for a total value of C$144,600.00. Also, Director Jean-Louis Chapdelaine sold 14,898 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of C$30.24, for a total transaction of C$450,515.52. Following the completion of the sale, the director owned 100,000 shares in the company, valued at approximately C$3,024,000. The trade was a 12.97% decrease in their ownership of the stock. In the last quarter, insiders sold 64,511 shares of company stock worth $1,944,213. Company 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.

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