Savaria (TSE:SIS) Price Target Raised to C$37.00 at TD

Savaria (TSE:SIS) had its price objective boosted by investment analysts at TD from C$35.00 to C$37.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price objective suggests a potential upside of 22.11% from the stock’s previous close.

A number of other research firms have also weighed in on SIS. Raymond James Financial lifted their price objective on Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Desjardins raised their target price on Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday. ATB Cormark Capital Markets lifted their price target 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. Scotia boosted their price target on 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, TD Securities upgraded Savaria to a “strong-buy” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$34.33.

Savaria Stock Performance

Shares of TSE:SIS traded down C$0.54 during midday trading on Friday, reaching C$30.30. The company’s stock had a trading volume of 213,749 shares, compared to its average volume of 179,088. 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 stock has a fifty day moving average of C$29.73 and a 200 day moving average of C$27.82. Savaria has a twelve month low of C$20.10 and a twelve month high of C$31.95. The firm has a market capitalization of C$2.18 billion, a PE ratio of 27.55, a P/E/G ratio of 42.72 and a beta of 1.04.

Savaria (TSE:SIS) last posted 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 8.50% and a return on equity of 12.41%. The company had revenue of C$245.78 million during the quarter. On average, equities analysts expect that Savaria will post 1.2048518 EPS for the current fiscal year.

Insider Activity

In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$27.73, for a total value of C$693,250.00. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at C$2,773,000. The trade was a 20.00% decrease in their position. 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 C$2,762,279. The trade was a 9.27% decrease in their position. In the last 90 days, insiders sold 62,500 shares of company stock valued at $1,761,124. 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.