Savaria (TSE:SIS) Given New C$37.00 Price Target at TD

Savaria (TSE:SIS) had its price target raised by TD from C$35.00 to C$37.00 in a research report report published on Friday,BayStreet.CA reports. TD currently has a buy rating on the stock.

SIS has been the subject of a number of other reports. TD Securities upgraded Savaria to a “strong-buy” rating in a research note on Friday, July 24th. National Bank Financial raised their target price on shares of Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Desjardins lifted their price target on shares of Savaria from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Friday. Scotia lifted their price target on shares of Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a report on Thursday, April 16th. Finally, Raymond James Financial upped their price target on shares of Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$34.33.

Savaria Price Performance

TSE SIS opened at C$30.40 on Friday. The company has a market capitalization of C$2.19 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 42.72 and a beta of 1.04. The company has a debt-to-equity ratio of 31.42, a quick ratio of 0.91 and a current ratio of 1.71. The business’s fifty day moving average is C$29.77 and its 200 day moving average is C$27.84. Savaria has a fifty-two week low of C$20.10 and a fifty-two week high of C$31.95.

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

Insiders Place Their Bets

In other news, Director Marcel Bourassa sold 7,500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of C$29.53, for a total value 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. The trade was a 3.22% decrease in their ownership of the stock. Also, Director Peter Allen Drutz sold 9,736 shares of the company’s stock in a transaction dated Saturday, June 6th. The stock was sold at an average price of C$29.00, for a total value of C$282,344.00. Following the completion of the transaction, the director directly owned 95,251 shares of the company’s stock, valued at approximately C$2,762,279. This trade represents a 9.27% decrease in their position. Insiders sold 62,500 shares of company stock valued at $1,761,124 in the last ninety days. 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.