Savaria’s (SIS) Buy Rating Reaffirmed at Desjardins

Savaria (TSE:SIS)‘s stock had its “buy” rating reiterated by investment analysts at Desjardins in a research report issued to clients and investors on Wednesday, reports. Desjardins also issued estimates for Savaria’s Q1 2019 earnings at $0.08 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.57 EPS and FY2020 earnings at $0.72 EPS.

A number of other equities research analysts also recently commented on SIS. National Bank Financial increased their price objective on Savaria from C$17.00 to C$17.50 and gave the company an “outperform” rating in a research report on Friday, March 29th. Laurentian cut their price objective on Savaria from C$20.00 to C$16.50 in a research report on Thursday, February 21st.

SIS opened at C$13.35 on Wednesday. The company has a market capitalization of $608.43 million and a price-to-earnings ratio of 33.38. 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.

Savaria (TSE:SIS) last released its earnings results on Wednesday, March 27th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.03). The business had revenue of C$93.12 million during the quarter, compared to analysts’ expectations of C$91.20 million. On average, analysts predict that Savaria will post 0.699999973938944 EPS for the current fiscal year.

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction on 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 sale, the director now owns 125,000 shares in the company, valued at approximately C$1,658,737.50.

About Savaria

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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