Key Points
- Insider sale: Jean-Philippe De Montigny sold 10,000 Savaria shares at an average price of C$29.21, generating C$292,100. His remaining stake fell 10.8% to 82,560 shares.
- Financial performance: Savaria reported quarterly revenue of C$245.78 million and EPS of C$0.35, with a 9.27% net margin and 13.41% return on equity.
- Analyst outlook: Analysts maintain a consensus “Buy” rating, with a consensus price target of C$34.35 versus the share price of C$29.48.
Savaria Co. (TSE:SIS - Get Free Report) insider Jean-Philippe De Montigny sold 10,000 shares of Savaria stock in a transaction on Monday, September 21st. The shares were sold at an average price of C$29.21, for a total transaction of C$292,100.00. Following the completion of the transaction, the insider owned 82,560 shares in the company, valued at approximately C$2,411,577.60. This trade represents a 10.80% decrease in their ownership of the stock.
Savaria Price Performance
Shares of TSE SIS opened at C$29.48 on Wednesday. The company's fifty day moving average is C$29.25 and its two-hundred day moving average is C$28.66. The company has a debt-to-equity ratio of 29.43, a quick ratio of 0.91 and a current ratio of 1.72. The firm has a market capitalization of C$2.13 billion, a P/E ratio of 24.36, a PEG ratio of 42.72 and a beta of 0.97. Savaria Co. has a one year low of C$20.10 and a one year high of C$31.95.
Savaria (TSE:SIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. Savaria had a net margin of 9.27% and a return on equity of 13.41%. The business had revenue of C$245.78 million for the quarter. Analysts forecast that Savaria Co. will post 1.2048518 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SIS has been the subject of several recent research reports. ATB Cormark Capital Markets increased their price objective on shares of Savaria from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. TD lifted their price target on shares of Savaria from C$35.00 to C$37.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Desjardins upped their price objective on shares of Savaria from C$36.00 to C$39.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Ventum Financial set a C$34.50 target price on Savaria and gave the stock a "buy" rating in a research report on Thursday, September 10th. Finally, TD Securities raised Savaria to a "strong-buy" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, Savaria has a consensus rating of "Buy" and a consensus price target of C$34.35.
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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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