Savaria (TSE:SIS) Reaches New 1-Year High - Here's Why

Key Points

• Savaria shares hit a new 52-week high of C$30.40 on Monday, last trading at C$30.35 with about 67,819 shares changing hands.
• Multiple analysts raised price targets and issued "outperform"/"buy" ratings—seven analysts rate the stock Buy with an average price target of C$31.21.
• Insider Jean-Philippe De Montigny purchased 2,420 shares at C$25.50, bringing his stake to 92,260 shares and contributing to total insider ownership of 17.45%; the company reported C$0.37 EPS and C$241.78M revenue for the quarter.

Shares of Savaria Co. (TSE:SIS - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$30.40 and last traded at C$30.35, with a volume of 67819 shares traded. The stock had previously closed at C$30.17.

Analyst Ratings Changes

SIS has been the subject of several research reports. Scotiabank raised their price target on shares of Savaria from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. ATB Cormark Capital Markets raised their price target on shares of Savaria from C$30.00 to C$32.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. Raymond James Financial raised their price target on shares of Savaria from C$27.00 to C$32.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. Stifel Nicolaus raised their price target on shares of Savaria from C$29.00 to C$31.00 and gave the stock a "buy" rating in a report on Wednesday, April 8th. Finally, TD Securities raised their price objective on shares of Savaria from C$27.00 to C$31.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$31.21.

Savaria Stock Performance

The stock has a market cap of C$2.17 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 42.72 and a beta of 0.86. The firm's 50-day moving average is C$25.81 and its two-hundred day moving average is C$23.55. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 32.13.

Savaria (TSE:SIS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$0.37 earnings per share for the quarter. Savaria had a net margin of 7.53% and a return on equity of 11.10%. The firm had revenue of C$241.78 million for the quarter. As a group, research analysts expect that Savaria Co. will post 1.2048518 EPS for the current year.

Insider Activity at Savaria

In other news, insider Jean-Philippe De Montigny purchased 2,420 shares of the company's stock in a transaction dated Friday, March 20th. The shares were bought at an average price of C$25.50 per share, with a total value of C$61,710.00. Following the completion of the transaction, the insider directly owned 92,260 shares in the company, valued at C$2,352,630. This trade represents a 2.69% increase in their position. 17.45% of the stock is currently owned by corporate insiders.

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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