Key Points
- Director Peter Allen Drutz sold 15,264 Savaria shares on May 13 at an average price of C$27.48, totaling about C$419,455. After the sale, he still owned 104,987 shares, a 12.69% reduction in his stake.
- Savaria recently reported quarterly earnings of C$0.31 per share on revenue of C$235.55 million, with net margin at 8.50% and return on equity at 12.41%.
- Analysts remain bullish on the stock, with nine Buy ratings and a consensus price target of C$33.33. Several firms recently raised targets, including National Bank Financial to C$37.00.
Savaria Co. (TSE:SIS - Get Free Report) Director Peter Allen Drutz sold 15,264 shares of the business's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$27.48, for a total value of C$419,454.72. Following the transaction, the director directly owned 104,987 shares of the company's stock, valued at approximately C$2,885,042.76. This represents a 12.69% decrease in their ownership of the stock.
Savaria Stock Performance
Shares of Savaria stock opened at C$27.99 on Friday. Savaria Co. has a one year low of C$18.71 and a one year high of C$30.62. The company has a market cap of C$2.01 billion, a PE ratio of 25.45, a P/E/G ratio of 42.72 and a beta of 0.97. The company has a debt-to-equity ratio of 31.42, a quick ratio of 0.91 and a current ratio of 1.71. The business has a 50-day simple moving average of C$27.61 and a 200-day simple moving average of C$24.80.
Savaria (TSE:SIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.31 earnings per share (EPS) for the quarter. The business had revenue of C$235.55 million during the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. On average, equities research analysts forecast that Savaria Co. will post 1.2048518 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of Savaria from C$27.00 to C$31.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Scotiabank raised their target price 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. TD raised their target price on Savaria from C$31.00 to C$35.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Stifel Nicolaus raised their target price on Savaria from C$29.00 to C$31.00 and gave the stock a "buy" rating in a research report on Wednesday, April 8th. Finally, National Bank Financial raised their target price on Savaria from C$30.50 to C$37.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 22nd. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$33.33.
Read Our Latest Report on Savaria
Savaria Company Profile
(
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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.
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