Savaria (TSE:SIS) Price Target Increased to C$24.00 by Analysts at Desjardins

Savaria (TSE:SIS) had its price target upped by Desjardins from C$23.50 to C$24.00 in a research report released on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock. Desjardins also issued estimates for Savaria’s Q2 2024 earnings at $0.18 EPS, Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.73 EPS and FY2025 earnings at $1.14 EPS.

Other equities research analysts have also recently issued reports about the company. TD Securities upped their price target on Savaria from C$21.00 to C$23.00 and gave the company a buy rating in a research report on Friday, April 12th. Scotiabank upped their price target on Savaria from C$21.50 to C$22.00 in a research report on Friday, May 10th. Raymond James upped their price target on Savaria from C$19.00 to C$22.00 in a research report on Friday, May 10th. National Bankshares upped their price target on Savaria from C$20.50 to C$21.00 in a research report on Thursday, May 9th. Finally, Cormark boosted their price objective on Savaria from C$22.50 to C$24.00 in a report on Friday, May 10th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Savaria presently has an average rating of Buy and an average price target of C$22.71.

Savaria Stock Performance

TSE:SIS opened at C$19.26 on Tuesday. The company has a fifty day moving average of C$18.27 and a 200-day moving average of C$17.20. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 30.09, a P/E/G ratio of 42.72 and a beta of 0.88. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 58.20. Savaria has a twelve month low of C$12.21 and a twelve month high of C$19.61.

Savaria (TSE:SIS) last posted its quarterly earnings data 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. The firm 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%. As a group, sell-side analysts anticipate that Savaria will post 0.8296678 EPS for the current year.

Savaria Dividend Announcement

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

Insider Buying and Selling at Savaria

In other Savaria news, Director Peter Allen Drutz sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total value of C$72,400.00. In other Savaria news, Senior Officer Jean-Philippe De Montigny bought 11,600 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price 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 company’s 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 value of C$72,400.00. Corporate insiders own 20.38% of the company’s stock.

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.