Savaria (TSE:SIS) Sets New 12-Month High – Time to Buy?

Savaria Co. (TSE:SIS) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$30.67 and last traded at C$30.66, with a volume of 141797 shares changing hands. The stock had previously closed at C$30.13.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD raised their price objective on Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. National Bank Financial boosted their target price on Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Scotia increased their price target on Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 16th. ATB Cormark Capital Markets raised their price target on Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Finally, Stifel Nicolaus lifted their price objective on Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Savaria has a consensus rating of “Buy” and a consensus target price of C$33.33.

Savaria Stock Up 1.8%

The firm has a market cap of C$2.20 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The company’s 50-day simple moving average is C$28.93 and its 200 day simple moving average is C$26.65. The company has a debt-to-equity ratio of 31.42, a current ratio of 1.71 and a quick ratio of 0.91.

Savaria (TSE:SIS) last posted its earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share for the quarter. The firm had revenue of C$235.55 million for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. Research analysts anticipate that Savaria Co. will post 1.2048518 EPS for the current fiscal year.

Insider Buying and Selling

In other Savaria news, Director Peter Allen Drutz sold 9,736 shares of the company’s stock in a transaction that occurred on Saturday, June 6th. The stock was sold at an average price of C$29.00, for a total transaction of C$282,344.00. Following the sale, the director directly owned 95,251 shares in the company, valued at C$2,762,279. This represents a 9.27% decrease in their ownership of the stock. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$27.73, for a total value of C$693,250.00. Following the completion of the transaction, the director owned 100,000 shares of the company’s stock, valued at approximately C$2,773,000. This trade represents a 20.00% decrease in their position. Over the last ninety days, insiders sold 62,500 shares of company stock valued at $1,761,124. 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.