Savaria (TSE:SIS) Sets New 1-Year High at $18.22

Savaria Co. (TSE:SIS)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$18.22 and last traded at C$18.13, with a volume of 17965 shares traded. The stock had previously closed at C$18.07.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Securities boosted their target price on Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Scotiabank boosted their price objective on Savaria from C$21.50 to C$22.00 in a research report on Friday, May 10th. Desjardins boosted their price objective on Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Raymond James boosted their price objective on Savaria from C$19.00 to C$22.00 in a research report on Friday, May 10th. Finally, National Bankshares boosted their price objective on Savaria from C$20.50 to C$21.00 in a research report on Thursday, May 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$22.64.

Savaria Trading Up 1.2 %

The company has a debt-to-equity ratio of 58.20, a quick ratio of 0.91 and a current ratio of 1.92. The business has a 50-day simple moving average of C$17.59 and a two-hundred day simple moving average of C$16.65. The stock has a market cap of C$1.30 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 42.72 and a beta of 0.88.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.16 by C$0.03. Savaria had a return on equity of 8.52% and a net margin of 5.13%. The firm had revenue of C$209.44 million during the quarter, compared to the consensus estimate of C$214.32 million. As a group, research analysts forecast that Savaria Co. will post 0.8296678 EPS for the current year.

Savaria Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 31st were paid a dividend of $0.043 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Friday, May 31st. Savaria’s dividend payout ratio is currently 81.25%.

Insider Transactions at Savaria

In other news, Director Peter Allen Drutz sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total transaction of C$72,400.00. In related news, Director Peter Allen Drutz sold 4,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total value of C$72,400.00. Also, Senior Officer Jean-Philippe De Montigny purchased 11,600 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of C$17.24 per share, for a total transaction of C$199,984.00. Company insiders own 20.38% 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.