Savaria (TSE:SIS) Raised to “Strong-Buy” at TD Securities

Savaria (TSE:SIS) was upgraded by equities researchers at TD Securities to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other analysts have also commented on the stock. Raymond James Financial lifted 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 note on Wednesday, April 15th. National Bank Financial boosted their target price on shares of Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. TD increased their price target on Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Scotia increased 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, Stifel Nicolaus upped their price objective 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. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, Savaria has an average rating of “Buy” and a consensus target price of C$33.33.

Savaria Trading Up 2.9%

Savaria stock opened at C$30.98 on Friday. The company has a debt-to-equity ratio of 31.42, a current ratio of 1.71 and a quick ratio of 0.91. Savaria has a one year low of C$19.54 and a one year high of C$31.95. The stock has a market capitalization of C$2.23 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The business’s fifty day moving average is C$29.49 and its 200 day moving average is C$27.42.

Savaria (TSE:SIS) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.31 EPS 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. On average, sell-side analysts predict that Savaria will post 1.2048518 EPS for the current year.

Insider Activity

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s 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 transaction, the director directly owned 100,000 shares in the company, valued at C$2,773,000. The trade was a 20.00% decrease in their ownership of the stock. Also, Director Les Teague sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of C$28.92, for a total value of C$144,600.00. Insiders have sold a total of 62,500 shares of company stock worth $1,761,124 in the last quarter. 17.45% of the stock is currently owned by insiders.

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.