Analysts Set Savaria Co. (TSE:SIS) Target Price at C$34.33

Savaria Co. (TSE:SIS) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$34.33.

Several equities research analysts recently issued reports on the company. Desjardins boosted 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. TD raised their price objective on Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. ATB Cormark Capital Markets raised their price objective on Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” 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.

Insider Buying and Selling

In related news, Director Les Teague sold 5,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$28.92, for a total value of C$144,600.00. Also, Director Jean-Louis Chapdelaine sold 10,917 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of C$30.24, for a total transaction of C$330,130.08. Following the sale, the director directly owned 100,000 shares of the company’s stock, valued at C$3,024,000. This represents a 9.84% decrease in their position. In the last 90 days, insiders sold 81,747 shares of company stock valued at $2,448,032. Company insiders own 17.45% of the company’s stock.

Savaria Price Performance

Shares of Savaria stock opened at C$28.24 on Monday. Savaria has a twelve month low of C$20.10 and a twelve month 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. The company has a 50-day simple moving average of C$29.77 and a two-hundred day simple moving average of C$28.29. The stock has a market capitalization of C$2.04 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 42.72 and a beta of 1.04.

Savaria (TSE:SIS) last announced its earnings results 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. Analysts forecast that Savaria will post 1.2048518 EPS for the current year.

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.