Savaria (TSE:SIS) Insider Sells 10,000 Shares

Savaria Co. (TSE:SIS) insider Jean-Philippe De Montigny sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of C$29.21, for a total transaction of C$292,100.00. Following the sale, the insider directly owned 82,560 shares of the company’s stock, valued at approximately C$2,411,577.60. The trade was a 10.80% decrease in their position.

Savaria Price Performance

Shares of TSE:SIS traded up C$0.16 during trading on Tuesday, reaching C$29.40. The stock had a trading volume of 104,114 shares, compared to its average volume of 193,969. The stock has a market capitalization of C$2.12 billion, a PE ratio of 24.30, 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 Co. has a 52 week low of C$20.10 and a 52 week high of C$31.95. The business’s 50-day moving average price is C$29.28 and its 200 day moving average price is C$28.62.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%.The business had revenue of C$245.78 million for the quarter. As a group, equities analysts predict that Savaria Co. will post 1.2048518 earnings per share for the current year.

Wall Street Analyst Weigh In

SIS has been the topic of a number of research reports. Desjardins upped their target price on shares of Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. TD increased their price objective on Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets boosted their target price on Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Ventum Financial set a C$34.50 price target on Savaria and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, TD Securities upgraded Savaria to a “strong-buy” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$34.35.

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.