Savaria Co. (TSE:SIS) Receives C$21.64 Average PT from Brokerages

Shares of Savaria Co. (TSE:SIS) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is C$21.64.

A number of analysts have recently commented on SIS shares. Cormark lifted their price target on Savaria from C$18.00 to C$21.00 in a research note on Friday, March 8th. Scotiabank lifted their price target on Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating in a research note on Friday, March 8th. National Bankshares lifted their price target on Savaria from C$19.50 to C$20.50 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Stifel Nicolaus cut their price target on Savaria from C$25.00 to C$23.00 and set a “buy” rating on the stock in a research note on Friday, March 8th. Finally, TD Securities raised their price objective on Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, April 12th.

Savaria Stock Performance

TSE:SIS opened at C$16.55 on Friday. The stock’s 50-day simple moving average is C$16.66 and its 200 day simple moving average is C$15.41. The firm has a market capitalization of C$1.17 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 42.72 and a beta of 0.85. The company has a quick ratio of 0.91, a current ratio of 1.98 and a debt-to-equity ratio of 58.17. Savaria has a twelve month low of C$12.21 and a twelve month high of C$17.70.

Savaria (TSE:SIS) last released its quarterly earnings data 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 business 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%. On average, analysts anticipate that Savaria will post 0.7945271 EPS for the current fiscal year.

Savaria Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be issued a $0.043 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.52 dividend on an annualized basis and a yield of 3.12%. Savaria’s payout ratio is currently 91.23%.

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.