Jean-Louis Chapdelaine Sells 25,000 Shares of Savaria Co. (TSE:SIS) Stock

Savaria Co. (TSE:SIS) Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00.

Savaria Stock Performance

Shares of SIS opened at C$21.71 on Tuesday. The firm has a 50-day moving average of C$19.69 and a 200-day moving average of C$18.10. Savaria Co. has a one year low of C$12.21 and a one year high of C$22.00. The company has a market cap of C$1.54 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 42.72 and a beta of 0.89. 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 data on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$213.08 million. As a group, equities analysts forecast that Savaria Co. will post 1.1890411 earnings per share for the current year.

Savaria Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be given a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Monday, September 30th. This is an increase from Savaria’s previous monthly dividend of $0.04. Savaria’s dividend payout ratio (DPR) is 83.08%.

Analysts Set New Price Targets

SIS has been the topic of a number of research analyst reports. National Bankshares raised their price objective on shares of Savaria from C$21.00 to C$22.00 in a report on Thursday, August 8th. Desjardins raised their price objective on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday. TD Securities lifted their price target on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Raymond James lifted their price target on shares of 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, 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 note on Tuesday, August 20th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Savaria presently has a consensus rating of “Buy” and an average price target of C$24.36.

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.