Analysts Set Savaria Co. (TSE:SIS) Price Target at C$24.79

Shares of Savaria Co. (TSE:SIS) have earned an average rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is C$24.79.

Several brokerages have issued reports on SIS. National Bankshares boosted their price objective on shares of Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. Desjardins boosted 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. Stifel Nicolaus boosted their target price 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. TD Securities boosted their target price on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Raymond James boosted 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.

Savaria Stock Performance

Shares of SIS opened at C$23.72 on Friday. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The stock has a market capitalization of C$1.69 billion, a P/E ratio of 36.49, a P/E/G ratio of 42.72 and a beta of 0.90. The company’s fifty day moving average is C$21.00 and its two-hundred day moving average is C$18.89. Savaria has a 1 year low of C$12.21 and a 1 year high of C$23.92.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.20 by C$0.02. The company had revenue of C$221.34 million for the quarter, compared to analysts’ expectations of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. On average, sell-side analysts predict that Savaria will post 1.2048518 earnings per share for the current year.

Savaria Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a $0.045 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from Savaria’s previous monthly dividend of $0.04. This represents a $0.54 annualized dividend and a dividend yield of 2.28%. Savaria’s payout ratio is currently 83.08%.

Insider Buying and Selling

In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s 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 other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s 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. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were 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 in the last three months. 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.