Savaria Co. (TSE:SIS) Receives Average Rating of "Buy" from Analysts

Key Points

• Savaria Co. (TSE:SIS) has received an average rating of "Buy" from six analysts, with an average 1-year price target of C$24.33.
• Insider Alexandre Bourassa sold 25,000 shares of Savaria at an average price of C$21.18, leading to a 55.56% decrease in their ownership.
• The company recently announced a dividend of $0.0467 per share, which will be paid on October 8th, targeting a payout ratio of 70.61%.

Savaria Co. (TSE:SIS - Get Free Report) has earned a consensus rating of "Buy" from the six analysts that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$24.33.

A number of equities research analysts recently commented on SIS shares. Stifel Nicolaus lifted their price target on shares of Savaria from C$24.00 to C$25.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. National Bankshares raised their target price on Savaria from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th.

Insiders Place Their Bets

In other Savaria news, insider Alexandre Bourassa sold 25,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of C$21.18, for a total transaction of C$529,545.00. Following the completion of the transaction, the insider owned 20,000 shares in the company, valued at C$423,636. This trade represents a 55.56% decrease in their ownership of the stock. 17.45% of the stock is owned by corporate insiders.

Savaria Stock Performance

TSE SIS opened at C$20.50 on Friday. The company has a market capitalization of C$1.46 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 42.72 and a beta of 1.18. The company has a debt-to-equity ratio of 54.11, a quick ratio of 0.91 and a current ratio of 1.97. Savaria has a 52-week low of C$14.97 and a 52-week high of C$23.92. The company has a 50-day simple moving average of C$20.59 and a 200 day simple moving average of C$19.07.

Savaria Announces Dividend

The company also recently disclosed a sep 25 dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 29th will be paid a $0.0467 dividend. Savaria's dividend payout ratio is currently 70.61%.

Savaria Company Profile

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company's operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.

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