Savaria Co. (TSE:SIS) Receives Average Rating of “Moderate Buy” from Brokerages

Savaria Co. (TSE:SIS) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$25.50.

Several equities analysts have commented on the stock. TD Securities upped their price objective on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Scotiabank set a C$25.00 price target on shares of Savaria and gave the company an “outperform” rating in a research note on Thursday, September 26th. Stifel Nicolaus raised their price objective 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. Cormark downgraded Savaria from a “buy” rating to a “market perform” rating in a research report on Monday. Finally, National Bankshares lifted their price target on Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th.

Insider Activity at Savaria

In other news, Director Sylvain Dumoulin sold 5,000 shares of the firm’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 value 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, Senior Officer Sylvain Aubry sold 20,002 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. In the last 90 days, insiders sold 50,002 shares of company stock valued at $1,046,042. 17.45% of the stock is owned by company insiders.

Savaria Trading Down 4.4 %

Shares of Savaria stock opened at C$21.89 on Tuesday. Savaria has a 12-month low of C$13.95 and a 12-month high of C$23.92. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. The business’s 50 day moving average is C$21.86 and its 200-day moving average is C$19.49. The stock has a market cap of C$1.56 billion, a P/E ratio of 33.68, a P/E/G ratio of 42.72 and a beta of 0.90.

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 given a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, October 31st. Savaria’s payout ratio is 83.08%.

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.