Savaria (TSE:SIS) Given New C$17.50 Price Target at Desjardins

Savaria (TSE:SIS) had its price target lifted by Desjardins from C$16.00 to C$17.50 in a research report sent to investors on Friday, March 29th, reports. They currently have a buy rating on the stock. Desjardins also issued estimates for Savaria’s Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.60 EPS and FY2020 earnings at $0.75 EPS.

Several other equities analysts also recently commented on SIS. National Bank Financial reissued an outperform market weight rating on shares of Savaria in a report on Wednesday, February 20th. Laurentian lowered their target price on shares of Savaria from C$20.00 to C$16.50 in a report on Thursday, February 21st.

TSE:SIS traded down C$0.01 during trading hours on Friday, hitting C$13.07. 57,000 shares of the stock traded hands, compared to its average volume of 196,892. The company has a debt-to-equity ratio of 51.40, a current ratio of 1.99 and a quick ratio of 0.91. Savaria has a 1 year low of C$11.41 and a 1 year high of C$20.95. The company has a market capitalization of $587.78 million and a P/E ratio of 32.68.

Savaria (TSE:SIS) last released its earnings results on Wednesday, March 27th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.03). The firm had revenue of C$93.12 million for the quarter, compared to analysts’ expectations of C$91.20 million. On average, sell-side analysts anticipate that Savaria will post 0.709999993569811 earnings per share for the current fiscal year.

In other news, Director Peter Allen Drutz sold 14,441 shares of the company’s stock in a transaction dated Monday, January 21st. The shares were sold at an average price of C$14.74, for a total value of C$212,922.44. Following the transaction, the director now directly owns 140,125 shares in the company, valued at C$2,066,045.04. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$13.27, for a total transaction of C$331,747.50. Following the completion of the transaction, the director now owns 125,000 shares in the company, valued at C$1,658,737.50.

Savaria Company Profile

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.

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