Savaria (TSE:SIS) Stock Price Passes Above Fifty Day Moving Average of $16.69

Savaria Co. (TSE:SIS)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$16.69 and traded as high as C$17.12. Savaria shares last traded at C$16.96, with a volume of 61,113 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Cormark raised 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 shares of Savaria from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. TD Securities lifted their target price on shares of Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, April 12th. Desjardins upped their price target on Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, National Bankshares lifted their price objective 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Savaria currently has a consensus rating of “Buy” and a consensus target price of C$21.64.

Savaria Stock Performance

The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 42.72 and a beta of 0.88. The company has a debt-to-equity ratio of 58.17, a current ratio of 1.98 and a quick ratio of 0.91. The firm has a 50 day moving average price of C$16.69 and a 200-day moving average price of C$15.60.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Savaria had a return on equity of 7.55% and a net margin of 4.52%. The business had revenue of C$216.84 million during the quarter, compared to analysts’ expectations of C$214.78 million. As a group, sell-side analysts expect that Savaria Co. will post 0.7950398 earnings per share for the current fiscal year.

Savaria Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.043 per share. The ex-dividend date is Monday, April 29th. This represents a $0.52 annualized dividend and a dividend yield of 3.04%. Savaria’s dividend payout ratio (DPR) is currently 91.23%.

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.