Savaria (TSE:SIS) Downgraded to “Market Perform” Rating by Cormark

Savaria (TSE:SIS) was downgraded by investment analysts at Cormark from a “buy” rating to a “market perform” rating in a research note issued on Monday,BayStreet.CA reports.

SIS has been the topic of a number of other reports. Desjardins raised their target price on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Scotiabank set a C$25.00 target price on shares of Savaria and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Raymond James raised their target price on shares of Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research report on Friday, September 13th. TD Securities increased their price objective on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, National Bankshares increased their price objective on shares of Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Savaria presently has an average rating of “Moderate Buy” and a consensus price target of C$25.50.

Savaria Trading Down 3.9 %

Savaria stock traded down C$0.89 during midday trading on Monday, reaching C$22.00. The stock had a trading volume of 218,383 shares, compared to its average volume of 78,267. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. Savaria has a 52-week low of C$13.95 and a 52-week high of C$23.92. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a fifty day moving average of C$21.86 and a 200 day moving average of C$19.49.

Insider Transactions at Savaria

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total transaction of C$415,041.50. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. Over the last ninety days, insiders sold 50,002 shares of company stock worth $1,046,042. Company insiders own 17.45% of the company’s stock.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.