Insider Selling: Savaria (TSE:SIS) Director Sells 5,000 Shares of Company Stock

Key Points

• Director Les Teague sold 5,000 Savaria shares at an average price of C$29.52, generating total proceeds of C$147,600.
• Savaria shares rose 0.9% to C$29.65, with the stock trading between a 52-week range of C$20.10 and C$31.95. The company reported quarterly revenue of C$245.78 million and earnings of C$0.35 per share.
• Analysts remain bullish, with Savaria carrying a consensus “Buy” rating and an average price target of C$34.35; several firms recently raised their targets to between C$37 and C$39.

Savaria Co. (TSE:SIS - Get Free Report) Director Les Teague sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$29.52, for a total value of C$147,600.00.

Savaria Stock Up 0.9%

Shares of SIS traded up C$0.25 during mid-day trading on Friday, hitting C$29.65. 322,933 shares of the company's stock were exchanged, compared to its average volume of 194,368. Savaria Co. has a 52 week low of C$20.10 and a 52 week high of C$31.95. The company has a 50-day simple moving average of C$29.13 and a 200 day simple moving average of C$28.72. The company has a market cap of C$2.14 billion, a PE ratio of 24.50, a P/E/G ratio of 42.72 and a beta of 0.97. The company has a debt-to-equity ratio of 29.43, a current ratio of 1.72 and a quick ratio of 0.91.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SIS. Ventum Financial set a C$34.50 target price on Savaria and gave the stock a "buy" rating in a report on Thursday, September 10th. ATB Cormark Capital Markets raised their price target on Savaria from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. TD boosted their price target on Savaria from C$35.00 to C$37.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Desjardins upped their price objective on Savaria from C$36.00 to C$39.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Finally, TD Securities raised Savaria to a "strong-buy" rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company's stock. Based on data from MarketBeat, Savaria presently has an average rating of "Buy" and a consensus price target of C$34.35.

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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