Savaria Co. (TSE:SIS) Receives C$24.07 Consensus Target Price from Analysts

Savaria Co. (TSE:SIS) has earned a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$24.79.

SIS has been the topic of a number of analyst reports. 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 note on Tuesday, August 20th. TD Securities raised 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 report on Thursday, August 8th. Desjardins lifted their price objective on shares of Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Scotiabank set a C$25.00 target price on Savaria and gave the company an “outperform” rating in a research report on Thursday. Finally, National Bankshares upped their price target on Savaria from C$21.00 to C$22.00 in a report on Thursday, August 8th.

Savaria Price Performance

TSE:SIS opened at C$21.70 on Monday. The firm’s fifty day moving average is C$19.90 and its two-hundred day moving average is C$18.25. The firm has a market cap of C$1.54 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 42.72 and a beta of 0.89. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. Savaria has a one year low of C$12.21 and a one year high of C$22.00.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.02. The firm had revenue of C$221.34 million for the quarter, compared to the consensus estimate of C$213.08 million. Savaria had a return on equity of 8.95% and a net margin of 5.25%. Research analysts expect that Savaria will post 1.1890411 EPS for the current year.

Savaria Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.045 per share. This is a positive change from Savaria’s previous monthly dividend of $0.04. This represents a $0.54 annualized dividend and a yield of 2.49%. The ex-dividend date is Monday, September 30th. Savaria’s payout ratio is 83.08%.

Insider Activity

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total transaction of C$521,000.00. In other news, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total transaction of C$415,041.50. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. Company insiders own 20.29% 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.