Shares of Savaria Co. (TSE:SIS – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as C$18.16 and last traded at C$18.13, with a volume of 48530 shares traded. The stock had previously closed at C$17.81.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on SIS shares. Stifel Nicolaus dropped their price target on Savaria from C$25.00 to C$23.00 and set a “buy” rating for the company in a report on Friday, March 8th. Desjardins lifted their target price on Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Cormark lifted their target price on Savaria from C$22.50 to C$24.00 in a research note on Friday, May 10th. TD Securities lifted their target price on Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Scotiabank raised their price target on Savaria from C$21.50 to C$22.00 in a research report on Friday, May 10th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$22.64.
Check Out Our Latest Report on SIS
Savaria Stock Down 0.5 %
Savaria (TSE:SIS – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.16 by C$0.03. Savaria had a return on equity of 8.52% and a net margin of 5.13%. The company had revenue of C$209.44 million for the quarter, compared to the consensus estimate of C$214.32 million. Sell-side analysts predict that Savaria Co. will post 0.8296678 EPS for the current year.
Savaria Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 31st were paid a dividend of $0.043 per share. This represents a $0.52 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, May 31st. Savaria’s payout ratio is presently 81.25%.
Insiders Place Their Bets
In other news, Director Peter Allen Drutz sold 4,000 shares of the company’s stock in a transaction 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. In related news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired 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 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.
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.
Read More
- Five stocks we like better than Savaria
- Retail Stocks Investing, Explained
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Insider Selling Explained: Can it Inform Your Investing Choices?
- MarketBeat Week in Review – 6/24 – 6/28
- Using the MarketBeat Dividend Tax Calculator
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Savaria Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Savaria and related companies with MarketBeat.com's FREE daily email newsletter.