Savaria (TSE:SIS) Sets New 12-Month High at $22.00

Savaria Co. (TSE:SIS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$22.00 and last traded at C$21.99, with a volume of 117434 shares. The stock had previously closed at C$21.75.

Wall Street Analyst Weigh In

SIS has been the topic of several recent analyst reports. TD Securities raised their price target on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Scotiabank set a C$25.00 price target on shares of Savaria and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Stifel Nicolaus raised their price target on shares of Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. National Bankshares raised their price target on shares of Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. Finally, Desjardins raised their price target on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Savaria currently has a consensus rating of “Buy” and a consensus price target of C$24.79.

Savaria Stock Performance

The business’s 50-day moving average price is C$19.96 and its 200-day moving average price is C$18.27. 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$1.56 billion, a PE ratio of 33.46, a P/E/G ratio of 42.72 and a beta of 0.89.

Savaria (TSE:SIS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.02. Savaria had a net margin of 5.25% and a return on equity of 8.95%. The firm had revenue of C$221.34 million for the quarter, compared to the consensus estimate of C$213.08 million. As a group, equities research analysts expect that Savaria Co. will post 1.1890411 earnings per share for the current fiscal year.

Savaria Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be given a $0.045 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.45%. This is an increase from Savaria’s previous monthly dividend of $0.04. Savaria’s payout ratio is presently 83.08%.

Insider Buying and Selling

In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. In other Savaria news, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria 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 transaction of C$415,041.50. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total transaction of C$521,000.00. 20.29% of the stock is owned by company 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.