Savaria (TSE:SIS) Hits New 52-Week High at $19.25

Savaria Co. (TSE:SIS)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$19.25 and last traded at C$19.25, with a volume of 12278 shares. The stock had previously closed at C$19.00.

Wall Street Analysts Forecast Growth

SIS has been the topic of a number of research reports. TD Securities boosted their target price on shares of Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Desjardins boosted their target price on shares of Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a report on Wednesday, April 10th. National Bankshares boosted their target price on shares of Savaria from C$20.50 to C$21.00 in a report on Thursday, May 9th. Cormark boosted their target price on shares of Savaria from C$22.50 to C$24.00 in a report on Friday, May 10th. Finally, Scotiabank boosted their target price on shares of Savaria from C$21.50 to C$22.00 in a report on Friday, May 10th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$22.64.

Savaria Price Performance

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$1.37 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 42.72 and a beta of 0.88. The stock’s 50-day moving average is C$18.12 and its two-hundred day moving average is C$17.11.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, May 8th. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.16 by C$0.03. The business had revenue of C$209.44 million for the quarter, compared to the consensus estimate of C$214.32 million. Savaria had a net margin of 5.13% and a return on equity of 8.52%. On average, equities analysts predict that Savaria Co. will post 0.8296678 EPS for the current year.

Savaria Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 9th. Shareholders of record on Wednesday, July 31st will be paid a $0.043 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.52 dividend on an annualized basis and a yield of 2.68%. Savaria’s dividend payout ratio is currently 81.25%.

Insiders Place Their Bets

In related news, Senior Officer Jean-Philippe De Montigny bought 11,600 shares of the company’s stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of C$17.24 per share, for a total transaction of C$199,984.00. In other Savaria news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of C$17.24 per share, for a total transaction of C$199,984.00. Also, Director Peter Allen Drutz sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$18.10, for a total transaction of C$72,400.00. Insiders own 20.38% 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.