Savaria Co. (TSE:SIS) Receives C$22.33 Consensus Target Price from Brokerages

Savaria Co. (TSE:SISGet Rating) has earned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$22.33.

A number of research firms have recently issued reports on SIS. TD Securities upped their price objective on Savaria from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Scotiabank upped their price objective on Savaria from C$16.50 to C$17.50 in a report on Friday, August 12th.

Savaria Price Performance

Savaria stock opened at C$13.89 on Friday. Savaria has a 52 week low of C$12.02 and a 52 week high of C$22.61. The business has a 50-day simple moving average of C$13.79 and a 200 day simple moving average of C$14.80. The company has a quick ratio of 0.88, a current ratio of 1.88 and a debt-to-equity ratio of 100.94. The stock has a market cap of C$894.21 million and a price-to-earnings ratio of 46.30.

Savaria (TSE:SISGet Rating) last posted its earnings results on Wednesday, August 10th. The company reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.16 by C$0.04. The business had revenue of C$192.06 million for the quarter, compared to analysts’ expectations of C$195.13 million. On average, research analysts forecast that Savaria will post 0.84 earnings per share for the current fiscal year.

Savaria Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 29th will be paid a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Wednesday, September 28th. This is a positive change from Savaria’s previous monthly dividend of $0.04. Savaria’s payout ratio is 165.67%.

Insider Activity

In other news, Director Jean-Louis Chapdelaine sold 10,000 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of C$15.04, for a total value of C$150,425.00. Following the completion of the sale, the director now owns 115,000 shares of the company’s stock, valued at approximately C$1,729,887.50.

Savaria Company Profile

(Get Rating)

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Patient Care, and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts for commercial and residential applications, and accessibility and home elevators.

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Analyst Recommendations for Savaria (TSE:SIS)

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