Savaria Co. (TSE:SIS) Receives Average Recommendation of “Buy” from Brokerages

Shares of Savaria Co. (TSE:SIS) have received a consensus rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$24.79.

Several analysts have issued reports on SIS shares. TD Securities raised their price objective on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. National Bankshares raised their price target on Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. Stifel Nicolaus upped their price objective on 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 increased their target price on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Scotiabank set a C$25.00 target price on shares of Savaria and gave the company an “outperform” rating in a research note on Thursday.

Savaria Price Performance

TSE:SIS opened at C$21.70 on Monday. The firm has a market capitalization of C$1.54 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 42.72 and a beta of 0.89. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. The business has a 50 day simple moving average of C$19.90 and a 200-day simple moving average of C$18.25. Savaria has a 1 year low of C$12.21 and a 1 year high of C$22.00.

Savaria (TSE:SIS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, topping the consensus estimate of C$0.20 by C$0.02. Savaria had a net margin of 5.25% and a return on equity of 8.95%. The company had revenue of C$221.34 million during the quarter, compared to analyst estimates of C$213.08 million. Equities analysts forecast that Savaria will post 1.1890411 EPS for the current year.

Savaria Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 2.49%. This is a positive change from Savaria’s previous monthly dividend of $0.04. Savaria’s dividend payout ratio (DPR) is currently 83.08%.

Insider Activity at Savaria

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total transaction of C$521,000.00. In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total transaction 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 shares were sold at an average price of C$20.84, for a total transaction of C$521,000.00. 20.29% of the stock is currently owned by corporate insiders.

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.