Savaria (TSE:SIS) PT Raised to C$27.00 at National Bankshares

Savaria (TSE:SIS) had its target price increased by National Bankshares from C$22.00 to C$27.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

SIS has been the subject of several other research reports. Scotiabank set a C$25.00 price target on Savaria and gave the stock an “outperform” rating in a research note on Thursday, September 26th. TD Securities increased their price target on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus lifted their price target 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 upped their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a report on Friday, September 13th. Finally, Desjardins lifted their target price on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$25.50.

Savaria Stock Down 0.3 %

Shares of Savaria stock opened at C$22.63 on Thursday. The firm has a market cap of C$1.61 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 42.72 and a beta of 0.90. The stock has a 50-day simple moving average of C$21.27 and a 200-day simple moving average of C$19.06. Savaria has a 52-week low of C$12.21 and a 52-week high of C$23.92. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, topping the consensus estimate 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 analyst estimates of C$213.08 million. On average, equities research analysts expect that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Savaria Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $0.045 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.39%. Savaria’s payout ratio is 83.08%.

Insiders Place Their Bets

In other news, Director Sylvain Dumoulin sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total value of C$110,000.00. In other Savaria 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, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s stock in a transaction dated 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 have sold 50,002 shares of company stock worth $1,046,042 over the last 90 days. 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.