Peter Allen Drutz Sells 4,000 Shares of Savaria Co. (TSE:SIS) Stock

Savaria Co. (TSE:SIS) Director Peter Allen Drutz sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of C$18.10, for a total value of C$72,400.00.

Savaria Price Performance

SIS traded down C$0.15 on Friday, reaching C$17.84. The stock had a trading volume of 49,648 shares, compared to its average volume of 65,791. Savaria Co. has a fifty-two week low of C$12.21 and a fifty-two week high of C$18.16. The firm has a 50-day moving average of C$17.30 and a 200-day moving average of C$16.37. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 58.20. The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 42.72 and a beta of 0.88.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, May 8th. The company reported C$0.19 earnings per share (EPS) 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 business had revenue of C$209.44 million during the quarter, compared to analysts’ expectations of C$214.32 million. As a group, sell-side analysts anticipate that Savaria Co. will post 0.8296678 EPS for the current year.

Savaria Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 31st were paid a $0.043 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.52 annualized dividend and a dividend yield of 2.89%. Savaria’s payout ratio is 81.25%.

Analyst Upgrades and Downgrades

SIS has been the subject of a number of recent analyst reports. National Bankshares upped their target price on Savaria from C$20.50 to C$21.00 in a research report on Thursday, May 9th. Raymond James upped their price objective on Savaria from C$19.00 to C$22.00 in a research report on Friday, May 10th. TD Securities upped their price objective 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. Cormark upped their price objective on Savaria from C$22.50 to C$24.00 in a research report on Friday, May 10th. Finally, Desjardins upped their price objective on Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$22.64.

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.