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

Savaria (TSE:SIS - Get Free Report) was downgraded by stock analysts at Cormark from a "buy" rating to a "market perform" rating in a report released on Monday,BayStreet.CA reports.

Several other equities analysts have also commented on the stock. Desjardins increased their target price on shares of Savaria from C$25.00 to C$26.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Scotiabank set a C$25.00 price objective on Savaria and gave the stock an "outperform" rating in a report on Thursday, September 26th. TD Securities increased their target price on Savaria from C$23.00 to C$24.00 and gave the company a "buy" rating in a report on Thursday, August 8th. National Bankshares lifted their price target on Savaria from C$22.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Raymond James increased their price objective on Savaria from C$25.00 to C$27.50 and gave the company an "outperform" rating in a research note on Friday, September 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$25.50.

Savaria Price Performance

Shares of SIS 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. Savaria has a 12-month low of C$13.95 and a 12-month high of C$23.92. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. The company's 50-day moving average is C$21.86 and its 200 day moving average is C$19.49. The company has a market capitalization 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.

Insider Buying and Selling at Savaria

In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the firm'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. In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the firm'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 firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total transaction of C$521,000.00. Over the last quarter, insiders sold 50,002 shares of company stock valued at $1,046,042. Corporate insiders own 17.45% of the company's stock.

About Savaria

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.

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