Desjardins Increases Savaria (TSE:SIS) Price Target to C$39.00

Savaria (TSE:SIS) had its target price lifted by equities researchers at Desjardins from C$36.00 to C$39.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 28.71% from the stock’s current price.

SIS has been the subject of a number of other research reports. TD lifted their target price on Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. TD Securities raised shares of Savaria to a “strong-buy” rating in a report on Friday, July 24th. Scotia raised their price objective on shares of Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 16th. ATB Cormark Capital Markets boosted their price objective on shares of Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Finally, National Bank Financial upped their target price on shares of Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$34.33.

Savaria Stock Performance

Shares of TSE:SIS traded down C$0.54 during trading on Friday, hitting C$30.30. 213,749 shares of the company were exchanged, compared to its average volume of 179,088. Savaria has a 52-week low of C$20.10 and a 52-week high of C$31.95. The stock has a 50 day moving average of C$29.73 and a 200 day moving average of C$27.82. The company has a debt-to-equity ratio of 31.42, a current ratio of 1.71 and a quick ratio of 0.91. The company has a market cap of C$2.18 billion, a PE ratio of 27.55, a P/E/G ratio of 42.72 and a beta of 1.04.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.35 earnings per share for the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%.The company had revenue of C$245.78 million during the quarter. As a group, equities research analysts predict that Savaria will post 1.2048518 EPS for the current year.

Insiders Place Their Bets

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 100,000 shares in the company, valued at C$2,773,000. This represents a 20.00% decrease in their position. Also, Director Marcel Bourassa sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$29.53, for a total value of C$221,475.00. Following the completion of the sale, the director directly owned 225,431 shares in the company, valued at approximately C$6,656,977.43. The trade was a 3.22% decrease in their position. Insiders have sold 62,500 shares of company stock valued at $1,761,124 in 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.