Savaria Co. (TSE:SIS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Savaria Co. (TSE:SIS) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$25.50.

Several equities research analysts have recently commented on SIS shares. National Bankshares increased their price objective on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Cormark lowered shares of Savaria from a “buy” rating to a “market perform” rating in a research note on Monday, November 11th.

Savaria Stock Performance

Shares of SIS opened at C$20.27 on Friday. The firm has a market cap of C$1.44 billion, a P/E ratio of 31.18, a PEG ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. Savaria has a twelve month low of C$15.52 and a twelve month high of C$23.92. The firm’s 50 day moving average price is C$20.55 and its two-hundred day moving average price is C$20.63.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.24 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.01. Savaria had a return on equity of 8.95% and a net margin of 5.25%. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, analysts forecast that Savaria will post 1.2048518 EPS for the current fiscal year.

Insider Activity at Savaria

In other news, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of Savaria stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of C$22.96 per share, for a total transaction of C$448,753.20. 17.45% of the stock is owned by company insiders.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.