Brokerages Set Savaria Co. (TSE:SIS) PT at C$22.64

Shares of Savaria Co. (TSE:SIS) have earned a consensus rating of “Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is C$22.64.

A number of equities analysts have weighed in on SIS shares. Raymond James upped their price target on Savaria from C$19.00 to C$22.00 in a report on Friday, May 10th. National Bankshares lifted their target price on Savaria from C$20.50 to C$21.00 in a research report on Thursday, May 9th. Scotiabank increased their target price on Savaria from C$21.50 to C$22.00 in a research note on Friday, May 10th. Desjardins upped their price target on shares of Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Cormark increased their price target on shares of Savaria from C$22.50 to C$24.00 in a research report on Friday, May 10th.

Insider Transactions at Savaria

In other Savaria news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of Savaria stock in a transaction dated Monday, May 13th. The stock was bought at an average price of C$17.24 per share, for a total transaction of C$199,984.00. Insiders own 20.38% of the company’s stock.

Savaria Trading Down 1.1 %

Shares of SIS opened at C$17.38 on Tuesday. The stock’s fifty day simple moving average is C$16.95 and its 200 day simple moving average is C$15.94. Savaria has a twelve month low of C$12.21 and a twelve month high of C$17.92. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 58.20. The firm has a market capitalization of C$1.23 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 42.72 and a beta of 0.88.

Savaria (TSE:SIS) last posted its earnings results on Wednesday, March 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. Savaria had a net margin of 5.13% and a return on equity of 8.52%. The firm had revenue of C$216.84 million during the quarter, compared to the consensus estimate of C$214.78 million. On average, equities research analysts forecast that Savaria will post 0.8296678 earnings per share for the current year.

Savaria Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 31st will be paid a $0.043 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.52 annualized dividend and a dividend yield of 2.97%. Savaria’s payout ratio is currently 81.25%.

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.