Brokerages Set Savaria Co. (TSE:SIS) PT at C$25.50

Savaria Co. (TSE:SIS) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$25.50.

A number of research firms recently weighed in on SIS. Stifel Nicolaus raised their price target on Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Desjardins lifted their target price on Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. National Bankshares lifted their target price on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Raymond James lifted their target price 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. Finally, Scotiabank set a C$25.00 target price on Savaria and gave the company an “outperform” rating in a research note on Thursday, September 26th.

Savaria Trading Down 2.2 %

SIS stock opened at C$20.56 on Friday. The business has a fifty day moving average price of C$22.27 and a 200 day moving average price of C$20.15. Savaria has a fifty-two week low of C$14.51 and a fifty-two week high of C$23.92. The stock has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 42.72 and a beta of 0.90. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.63%. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Insider Buying and Selling

In related 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 Jean-Philippe De Montigny bought 19,545 shares of Savaria stock in a transaction on Monday, November 11th. The shares were acquired at an average price of C$22.96 per share, for a total transaction of C$448,753.20. Insiders sold a total of 50,002 shares of company stock valued at $1,046,042 over the last three months. Company 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.