Sylvain Dumoulin Sells 5,000 Shares of Savaria Co. (TSE:SIS) Stock

Savaria Co. (TSE:SIS) Director Sylvain Dumoulin sold 5,000 shares of the firm’s 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.

Savaria Stock Down 0.7 %

TSE SIS opened at C$22.20 on Friday. The company has a market cap of C$1.58 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 42.72 and a beta of 0.90. Savaria Co. has a 1-year low of C$12.21 and a 1-year high of C$22.45. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. The company has a 50 day moving average of C$20.22 and a 200-day moving average of C$18.45.

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

Savaria Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be 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 is Monday, September 30th. This represents a $0.54 annualized dividend and a yield of 2.43%. Savaria’s dividend payout ratio is currently 83.08%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SIS. Scotiabank set a C$25.00 target price on shares of Savaria and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Raymond James boosted their price objective on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a report on Friday, September 13th. TD Securities increased their target price on Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Stifel Nicolaus lifted their price target on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, National Bankshares upped their price objective on Savaria from C$21.00 to C$22.00 in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Savaria currently has a consensus rating of “Buy” and a consensus target price of C$24.79.

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.