Savaria (TSE:SIS) Price Target Raised to C$26.00

Savaria (TSE:SIS) had its price objective raised by Desjardins from C$25.00 to C$26.00 in a research note published on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Savaria from C$24.00 to C$25.00 and gave the stock a buy rating in a research note on Tuesday, August 20th. National Bankshares lifted their price objective on Savaria from C$21.00 to C$22.00 in a report on Thursday, August 8th. Raymond James boosted their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the company an outperform rating in a report on Friday, September 13th. Finally, TD Securities lifted their target price on shares of Savaria from C$23.00 to C$24.00 and gave the stock a buy rating in a research report on Thursday, August 8th. Six equities 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 target price of C$24.36.

Savaria Price Performance

SIS opened at C$21.51 on Monday. Savaria has a 12-month low of C$12.21 and a 12-month high of C$22.00. The company has a market cap of C$1.53 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 42.72 and a beta of 0.89. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. The stock has a fifty day simple moving average of C$19.79 and a two-hundred day simple moving average of C$18.16.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share for the quarter, beating 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 the consensus estimate of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. Research analysts predict that Savaria will post 1.1890411 earnings per share for the current fiscal year.

Savaria Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be given a dividend of $0.045 per share. This is an increase from Savaria’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.51%. Savaria’s payout ratio is presently 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 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. 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 stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. 20.29% of the stock is owned by company insiders.

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.