Peter Allen Drutz Sells 9,736 Shares of Savaria (TSE:SIS) Stock

Savaria Co. (TSE:SIS) Director Peter Allen Drutz sold 9,736 shares of the stock in a transaction that occurred on Saturday, June 6th. The shares were sold at an average price of C$29.00, for a total value of C$282,344.00. Following the completion of the sale, the director directly owned 95,251 shares of the company’s stock, valued at C$2,762,279. This represents a 9.27% decrease in their ownership of the stock.

Peter Allen Drutz also recently made the following trade(s):

• On Wednesday, May 13th, Peter Allen Drutz sold 15,264 shares of Savaria stock. The shares were sold at an average price of C$27.48, for a total value of C$419,454.72.

Savaria Stock Up 2.4%

SIS opened at C$29.81 on Tuesday. Savaria Co. has a 1-year low of C$18.71 and a 1-year high of C$30.62. The company has a current ratio of 1.71, a quick ratio of 0.91 and a debt-to-equity ratio of 31.42. The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 42.72 and a beta of 1.06. The business has a 50 day moving average of C$28.57 and a 200-day moving average of C$25.56.

Savaria (TSE:SIS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.31 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$235.55 million during the quarter. As a group, sell-side analysts anticipate that Savaria Co. will post 1.2048518 earnings per share for the current year.

Analyst Upgrades and Downgrades

SIS has been the subject of several research reports. National Bank Financial increased their price objective on Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Scotiabank increased their price objective on Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Raymond James Financial increased their price objective on Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets increased their price objective on Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Finally, Scotia upped their target price 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. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus 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.