Savaria (TSE:SIS) Price Target Increased to C$27.00 by Analysts at National Bankshares

Savaria (TSE:SIS) had its price target boosted by National Bankshares from C$22.00 to C$27.00 in a research report sent to investors on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Desjardins lifted their price target on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Raymond James boosted their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research report on Friday, September 13th. 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 report on Tuesday, August 20th. Scotiabank set a C$25.00 target price on Savaria and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, TD Securities boosted their price objective on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$25.50.

Savaria Trading Down 0.3 %

Shares of TSE SIS opened at C$22.63 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. Savaria has a twelve month low of C$12.21 and a twelve month high of C$23.92. The company’s fifty day moving average is C$21.27 and its 200-day moving average is C$19.05. The stock has a market cap of C$1.61 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS) last announced its quarterly earnings data 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 business had revenue of C$221.34 million for the quarter, compared to analyst estimates of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. Equities research analysts predict that Savaria will post 1.2048518 EPS for the current year.

Savaria Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, October 31st. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Insider Activity

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria 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 transaction of C$521,000.00. In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. Also, Director Sylvain Dumoulin sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. Insiders have sold a total of 50,002 shares of company stock worth $1,046,042 over the last ninety days. Company insiders own 17.45% of the company’s stock.

Savaria Company Profile

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.