Savaria Co. (TSE:SIS) Receives C$21.21 Average Target Price from Analysts

Shares of Savaria Co. (TSE:SIS - Get Free Report) have earned an average rating of "Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$21.21.

A number of research analysts have recently commented on SIS shares. Scotiabank boosted their target price on shares of Savaria from C$17.00 to C$21.50 and gave the stock an "outperform" rating in a research report on Friday, March 8th. Desjardins boosted their target price on shares of Savaria from C$20.50 to C$22.50 and gave the stock a "buy" rating in a research report on Friday, March 8th. TD Securities upped their price target on shares of Savaria from C$20.00 to C$21.00 and gave the company a "buy" rating in a report on Friday, March 8th. National Bankshares upped their price target on shares of Savaria from C$19.50 to C$20.50 and gave the company an "outperform" rating in a report on Thursday, March 7th. Finally, Cormark upped their price target on shares of Savaria from C$18.00 to C$21.00 in a report on Friday, March 8th.

Savaria Trading Down 0.7 %

SIS stock traded down C$0.11 during midday trading on Monday, reaching C$16.65. 56,172 shares of the company's stock traded hands, compared to its average volume of 59,160. The company has a market capitalization of C$1.18 billion, a P/E ratio of 29.21, a PEG ratio of 42.72 and a beta of 0.85. The company has a debt-to-equity ratio of 58.17, a current ratio of 1.98 and a quick ratio of 0.91. Savaria has a fifty-two week low of C$12.21 and a fifty-two week high of C$17.70. The business has a 50-day moving average price of C$16.50 and a two-hundred day moving average price of C$15.05.

Savaria (TSE:SIS - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported C$0.19 EPS for the quarter, topping analysts' consensus estimates of C$0.18 by C$0.01. Savaria had a net margin of 4.52% and a return on equity of 7.55%. The business had revenue of C$216.84 million for the quarter, compared to analysts' expectations of C$214.78 million. Equities research analysts forecast that Savaria will post 0.7935035 EPS for the current fiscal year.

Savaria Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.043 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.52 annualized dividend and a yield of 3.10%. Savaria's payout ratio is 91.23%.

Insider Buying and Selling at Savaria

In other Savaria news, Senior Officer Jean-Philippe De Montigny bought 17,980 shares of the stock in a transaction on Thursday, January 18th. The stock was purchased at an average price of C$14.94 per share, for a total transaction of C$268,621.20. 19.86% of the stock is owned by insiders.

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.