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

Savaria Co. (TSE:SIS) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to 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 equities analysts have issued reports on the stock. National Bankshares boosted their price objective on shares of Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Scotiabank set a C$25.00 price target on shares of Savaria and gave the stock an “outperform” rating in a report on Thursday, September 26th. Desjardins lifted their price objective on Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Raymond James increased their target price on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Finally, Cormark downgraded Savaria from a “buy” rating to a “market perform” rating in a research note on Monday, November 11th.

Insiders Place Their Bets

In other Savaria news, Senior Officer Jean-Philippe De Montigny bought 19,545 shares of the company’s stock in a transaction on Monday, November 11th. The stock was purchased at an average cost of C$22.96 per share, for a total transaction of C$448,753.20. 17.45% of the stock is owned by company insiders.

Savaria Trading Up 0.9 %

TSE:SIS opened at C$20.28 on Wednesday. Savaria has a 12-month low of C$14.75 and a 12-month high of C$23.92. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. The stock’s 50 day simple moving average is C$21.27 and its 200-day simple moving average is C$20.49. The firm has a market cap of C$1.44 billion, a P/E ratio of 31.20, a PEG ratio of 42.72 and a beta of 0.90.

Savaria Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Thursday, October 31st. Savaria’s payout ratio is currently 83.08%.

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.