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

Savaria Co. (TSE:SIS) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$25.50.

A number of analysts recently commented on the company. Stifel Nicolaus increased their price objective on Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Raymond James raised their price target on shares of Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Desjardins boosted 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 report on Monday, September 23rd. National Bankshares raised their target price on shares of Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Cormark cut shares of Savaria from a “buy” rating to a “market perform” rating in a research note on Monday.

Savaria Price Performance

SIS stock opened at C$22.48 on Tuesday. The stock’s 50 day moving average price is C$21.98 and its 200 day moving average price is C$19.56. The firm has a market cap of C$1.60 billion, a P/E ratio of 33.65, a PEG ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. Savaria has a 1 year low of C$14.10 and a 1 year high of C$23.92.

Savaria Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, October 31st. Savaria’s dividend payout ratio is currently 83.08%.

Insider Buying and Selling at Savaria

In other news, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria 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 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 transaction of C$521,000.00. Insiders have sold a total of 50,002 shares of company stock worth $1,046,042 in the last quarter. 17.45% of the stock is owned by insiders.

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.