Savaria (TSE:SIS) Trading Down 4.1%

Savaria Co. (TSE:SIS)’s share price traded down 4.1% during mid-day trading on Tuesday . The company traded as low as C$20.63 and last traded at C$20.81. 82,222 shares were traded during mid-day trading, an increase of 19% from the average session volume of 69,115 shares. The stock had previously closed at C$21.71.

Analyst Ratings Changes

A number of brokerages have weighed in on SIS. Stifel Nicolaus increased their target price on shares of Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. 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 research note on Monday. TD Securities increased their target price on Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. National Bankshares lifted their price target on Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. Finally, Raymond James boosted their price objective on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research note on Friday, September 13th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$24.36.

Savaria Trading Down 4.0 %

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 has a market cap of C$1.48 billion, a PE ratio of 33.40, a PEG ratio of 42.72 and a beta of 0.89. The firm has a fifty day simple moving average of C$19.69 and a two-hundred day simple moving average of C$18.10.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.20 by C$0.02. The business had revenue of C$221.34 million during 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%. As a group, equities analysts expect that Savaria Co. will post 1.1890411 earnings per share for the current fiscal year.

Savaria Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be given a dividend of $0.045 per share. This is an increase from Savaria’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 2.59%. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Insiders Place Their Bets

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