Savaria (TSE:SIS) Director Sells C$221,475.00 in Stock

Savaria Co. (TSE:SIS) Director Marcel Bourassa sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$29.53, for a total transaction of C$221,475.00. Following the transaction, the director directly owned 225,431 shares in the company, valued at C$6,656,977.43. This represents a 3.22% decrease in their ownership of the stock.

Savaria Price Performance

Shares of SIS traded down C$0.38 during trading hours on Friday, hitting C$28.89. 78,897 shares of the company were exchanged, compared to its average volume of 172,990. The company has a market cap of C$2.08 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 42.72 and a beta of 1.06. Savaria Co. has a fifty-two week low of C$18.71 and a fifty-two week high of C$30.62. The company has a quick ratio of 0.91, a current ratio of 1.71 and a debt-to-equity ratio of 31.42. The firm’s fifty day moving average is C$28.96 and its 200 day moving average is C$26.03.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.31 EPS for the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%.The business had revenue of C$235.54 million during the quarter. On average, equities analysts anticipate that Savaria Co. will post 1.2048518 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on SIS shares. Scotia lifted 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. National Bank Financial upped their price objective on Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets lifted their target price on shares of Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Desjardins boosted their target price on shares of Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Scotiabank boosted their target price 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. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Savaria presently has an average rating of “Buy” and a consensus price target of C$33.33.

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.