Savaria Co. (TSE:SIS) Given Consensus Rating of “Buy” by Brokerages

Savaria Co. (TSE:SISGet Free Report) has received an average rating of “Buy” from the six ratings firms that are currently covering the stock, reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have covered the stock in the last year is C$22.64.

Several research analysts recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Savaria from C$25.00 to C$23.00 and set a “buy” rating for the company in a report on Friday, March 8th. TD Securities raised their price objective on 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 target price on Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a report on Wednesday, April 10th. National Bankshares raised their price target on Savaria from C$20.50 to C$21.00 in a research note on Thursday, May 9th. Finally, Raymond James boosted their price target on Savaria from C$19.00 to C$22.00 in a research report on Friday, May 10th.

Check Out Our Latest Stock Report on Savaria

Savaria Price Performance

Shares of TSE SIS opened at C$17.84 on Friday. The company has a fifty day moving average price of C$17.41 and a 200 day moving average price of C$16.47. Savaria has a 1-year low of C$12.21 and a 1-year high of C$18.16. The firm has a market cap of C$1.27 billion, a PE ratio of 27.88, a PEG ratio of 42.72 and a beta of 0.88. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 58.20.

Savaria (TSE:SISGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.16 by C$0.03. Savaria had a return on equity of 8.52% and a net margin of 5.13%. The business had revenue of C$209.44 million during the quarter, compared to the consensus estimate of C$214.32 million. Research analysts predict that Savaria will post 0.8296678 earnings per share for the current fiscal year.

Savaria Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 31st were given a $0.043 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.89%. Savaria’s payout ratio is 81.25%.

Insider Buying and Selling

In other Savaria news, Director Peter Allen Drutz sold 4,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total transaction of C$72,400.00. In other news, Senior Officer Jean-Philippe De Montigny bought 11,600 shares of the stock in a transaction dated Monday, May 13th. The shares were bought at an average price of C$17.24 per share, for a total transaction of C$199,984.00. Also, Director Peter Allen Drutz sold 4,000 shares of Savaria stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total value of C$72,400.00. 20.38% of the stock is owned by insiders.

About Savaria

(Get Free Report

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.

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Analyst Recommendations for Savaria (TSE:SIS)

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