Savaria Co. (TSE:SIS) Receives C$24.79 Average Target Price from Brokerages

Savaria Co. (TSE:SIS) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$24.79.

A number of research firms have issued reports on SIS. Scotiabank set a C$25.00 price objective on Savaria and gave the stock an “outperform” rating in a report on Thursday, September 26th. Stifel Nicolaus boosted their price target on shares of Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Raymond James increased 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. TD Securities lifted their price objective on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, National Bankshares upped their target price on shares of Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th.

Insider Transactions at Savaria

In other Savaria news, Director Sylvain Dumoulin sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. In other news, Director Sylvain Dumoulin sold 5,000 shares of Savaria stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. Also, 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 the last quarter, insiders sold 50,002 shares of company stock worth $1,046,042. 17.45% of the stock is currently owned by insiders.

Savaria Stock Down 3.3 %

TSE SIS opened at C$22.73 on Friday. The stock has a market cap of C$1.62 billion, a PE ratio of 34.97, a P/E/G ratio of 42.72 and a beta of 0.90. 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 12 month low of C$12.21 and a 12 month high of C$23.92. The stock’s 50 day moving average is C$21.15 and its 200 day moving average is C$18.96.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of C$213.08 million. Research analysts predict that Savaria will post 1.2048518 EPS for the current fiscal year.

Savaria Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were given a dividend of $0.045 per share. This is a boost from Savaria’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 2.38%. Savaria’s payout ratio is 83.08%.

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.