Savaria (TSE:SIS) Sets New 1-Year High – Here’s What Happened

Savaria Co. (TSE:SIS) reached a new 52-week high during trading on Monday . The stock traded as high as C$30.40 and last traded at C$30.35, with a volume of 67819 shares changing hands. The stock had previously closed at C$30.17.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SIS shares. TD Securities upped their price target on Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Scotiabank boosted their price objective on Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Stifel Nicolaus upped their price target on Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. ATB Cormark Capital Markets upped their price target on Savaria from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, Raymond James Financial upped their price target on Savaria from C$27.00 to C$32.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Savaria has a consensus rating of “Buy” and a consensus price target of C$31.21.

Savaria Price Performance

The firm has a market cap of C$2.08 billion, a PE ratio of 30.16, a PEG ratio of 42.72 and a beta of 0.86. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 32.13. The business has a fifty day moving average of C$26.01 and a 200-day moving average of C$23.67.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, March 4th. The company reported C$0.37 earnings per share for the quarter. The business had revenue of C$241.78 million for the quarter. Savaria had a return on equity of 11.10% and a net margin of 7.53%. As a group, research analysts predict that Savaria Co. will post 1.2048518 earnings per share for the current year.

Insider Transactions at Savaria

In other Savaria news, insider Jean-Philippe De Montigny purchased 2,420 shares of Savaria stock in a transaction on Friday, March 20th. The shares were acquired at an average cost of C$25.50 per share, for a total transaction of C$61,710.00. Following the completion of the transaction, the insider directly owned 92,260 shares of the company’s stock, valued at approximately C$2,352,630. The trade was a 2.69% increase in their ownership of the stock. 17.45% of the stock is currently owned by corporate insiders.

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.