Savaria (TSE:SIS) Price Target Increased to C$23.00 by Analysts at TD Securities

Savaria (TSE:SIS) had its target price raised by TD Securities from C$21.00 to C$23.00 in a research report released on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

SIS has been the topic of several other reports. National Bankshares upped their price objective on Savaria from C$19.50 to C$20.50 and gave the company an outperform rating in a research report on Thursday, March 7th. Cormark upped their price objective on Savaria from C$18.00 to C$21.00 in a research report on Friday, March 8th. Raymond James upped their price objective on Savaria from C$18.00 to C$19.00 and gave the company an outperform rating in a research report on Friday, March 8th. Scotiabank increased their target price on Savaria from C$17.00 to C$21.50 and gave the stock an outperform rating in a research report on Friday, March 8th. Finally, Desjardins increased their target price on Savaria from C$22.50 to C$23.50 and gave the stock a buy rating in a research report on Wednesday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Savaria currently has an average rating of Buy and an average price target of C$21.64.

Savaria Trading Up 0.1 %

Shares of SIS stock opened at C$16.74 on Friday. The business’s fifty day moving average price is C$16.60 and its 200 day moving average price is C$15.20. Savaria has a 1-year low of C$12.21 and a 1-year high of C$17.70. The firm has a market capitalization of C$1.19 billion, a PE ratio of 29.37, a P/E/G ratio of 42.72 and a beta of 0.85. The company has a debt-to-equity ratio of 58.17, a current ratio of 1.98 and a quick ratio of 0.91.

Savaria (TSE:SIS) last posted its earnings results on Wednesday, March 6th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The company had revenue of C$216.84 million for the quarter, compared to analyst estimates of C$214.78 million. Savaria had a return on equity of 7.55% and a net margin of 4.52%. As a group, sell-side analysts forecast that Savaria will post 0.7945271 EPS for the current fiscal year.

Savaria Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 28th were given a dividend of $0.043 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 annualized dividend and a yield of 3.08%. Savaria’s dividend payout ratio (DPR) is presently 91.23%.

Insider Transactions at Savaria

In other news, Senior Officer Jean-Philippe De Montigny acquired 17,980 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were bought at an average cost of C$14.94 per share, for a total transaction of C$268,621.20. Company insiders own 19.86% of the company’s stock.

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.