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

Savaria Co. (TSE:SIS) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$25.50.

Several research firms have recently issued reports on SIS. Cormark cut Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. National Bankshares increased their price target 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 objective on shares of Savaria and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Raymond James increased their target price 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. Finally, Desjardins boosted their price target on shares of Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, September 23rd.

Savaria Price Performance

Shares of TSE SIS opened at C$20.35 on Wednesday. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. The company has a market cap of C$1.45 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The stock’s 50-day moving average is C$21.36 and its two-hundred day moving average is C$20.44. Savaria has a 1-year low of C$14.75 and a 1-year high of C$23.92.

Savaria Announces Dividend

The business 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 dividend yield of 2.65%. The ex-dividend date was Thursday, October 31st. Savaria’s dividend payout ratio (DPR) is 83.08%.

Insider Buying and Selling at Savaria

In other news, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of C$22.96 per share, with a total value of C$448,753.20. 17.45% of the stock is currently owned by corporate 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.