Savaria Co. (TSE:SIS) Given Consensus Rating of “Buy” by Analysts

Shares of Savaria Co. (TSE:SIS) have been assigned a consensus recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$24.07.

SIS has been the subject of a number of analyst reports. Desjardins lifted their price target on shares of Savaria from C$23.50 to C$24.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Stifel Nicolaus boosted their price objective on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Raymond James boosted their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research report on Friday, September 13th. National Bankshares boosted their price objective on shares of Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. Finally, TD Securities boosted 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 report on Thursday, August 8th.

Insiders Place Their Bets

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction 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. In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total transaction of C$415,041.50. Insiders own 20.29% of the company’s stock.

Savaria Stock Down 1.2 %

TSE SIS opened at C$21.70 on Monday. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. Savaria has a 1-year low of C$12.21 and a 1-year high of C$22.00. The company has a 50 day moving average of C$19.62 and a 200-day moving average of C$18.07. The company has a market cap of C$1.54 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 42.72 and a beta of 0.89.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.02. Savaria had a net margin of 5.25% and a return on equity of 8.95%. The company had revenue of C$221.34 million during the quarter, compared to the consensus estimate of C$213.08 million. On average, equities research analysts expect that Savaria will post 1.1890411 earnings per share for the current fiscal year.

Savaria Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Monday, September 30th. This is a boost from Savaria’s previous monthly dividend of $0.04. Savaria’s payout ratio is presently 83.08%.

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.