Jean-Louis Chapdelaine Sells 25,000 Shares of Savaria Co. (TSE:SIS) Stock

Savaria Co. (TSE:SIS) Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00.

Savaria Price Performance

SIS stock opened at C$21.71 on Tuesday. The company has a 50 day simple moving average of C$19.69 and a 200 day simple moving average of C$18.10. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 42.72 and a beta of 0.89. Savaria Co. has a 1 year low of C$12.21 and a 1 year high of C$22.00. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91.

Savaria (TSE:SIS) last released 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. The business had revenue of C$221.34 million during the quarter, compared to analysts’ expectations of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. Research analysts anticipate that Savaria Co. will post 1.1890411 EPS for the current fiscal year.

Savaria Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.49%. This is a positive change from Savaria’s previous monthly dividend of $0.04. The ex-dividend date is Monday, September 30th. Savaria’s payout ratio is presently 83.08%.

Analyst Ratings Changes

SIS has been the subject of several analyst reports. National Bankshares lifted their price objective on shares of Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. Raymond James boosted their target price on shares of Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research report on Friday, September 13th. Stifel Nicolaus boosted their target price on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Desjardins boosted their target price 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. Finally, TD Securities boosted their target price on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$24.36.

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.