Savaria Co. (TSE:SIS) Receives C$25.50 Average Price Target from Brokerages

Shares of Savaria Co. (TSE:SIS) have earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$25.50.

Several research analysts have recently weighed in on the stock. TD Securities upped their target price 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. Scotiabank set a C$25.00 price objective on shares of Savaria and gave the company an “outperform” rating in a research report on Thursday, September 26th. Desjardins lifted their target price on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. National Bankshares increased their price target on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Cormark lowered Savaria from a “buy” rating to a “market perform” rating in a research note on Monday.

Savaria Stock Up 2.8 %

TSE SIS opened at C$22.48 on Tuesday. 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 fifty-two week low of C$14.10 and a fifty-two week high of C$23.92. The business has a 50 day moving average price of C$21.98 and a two-hundred day moving average price of C$19.56. The stock has a market cap of C$1.60 billion, a PE ratio of 33.65, a P/E/G ratio of 42.72 and a beta of 0.90.

Savaria Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $0.045 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.54 annualized dividend and a dividend yield of 2.40%. Savaria’s payout ratio is 83.08%.

Insider Activity

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total value of C$415,041.50. In the last ninety days, insiders sold 50,002 shares of company stock worth $1,046,042. 17.45% of the stock is currently owned by insiders.

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.