Savaria - SIS Stock Forecast, Price & News

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Patient Care, and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts for commercial and residential applications, and accessibility and home elevators. The Patient Care segment manufactures and distributes therapeutic support surfaces and other pressure management products for the medical and medical beds, as well as offers medical equipment and solutions for the safe handling of patients. The Adapted Vehicles segment offers distributing vehicles for people with mobility challenges for personal or commercial use. The company sells its products through dealers and by direct stores to end-user customers. Savaria Corporation was founded in 1979 and is headquartered in Laval, Canada.

Savaria Stock Down 1.2 %

Shares of Savaria stock traded down C$0.18 during trading on Friday, hitting C$15.00. 107,437 shares of the stock traded hands, compared to its average volume of 93,229. Savaria has a 52-week low of C$12.02 and a 52-week high of C$22.63. The stock's fifty day simple moving average is C$13.52 and its 200 day simple moving average is C$15.54. The firm has a market cap of C$964.89 million and a P/E ratio of 75.00. The company has a current ratio of 1.84, a quick ratio of 0.90 and a debt-to-equity ratio of 98.19.

Savaria (TSE:SIS - Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported C$0.17 EPS for the quarter, beating the consensus estimate of C$0.13 by C$0.04. The business had revenue of C$183.54 million during the quarter, compared to the consensus estimate of C$178.30 million. On average, equities analysts predict that Savaria will post 0.8962052 earnings per share for the current fiscal year.

Savaria Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were given a dividend of $0.042 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, July 28th. Savaria's payout ratio is currently 245.95%.

Analysts Set New Price Targets

SIS has been the subject of several analyst reports. TD Securities raised their price objective on shares of Savaria from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research note on Friday. National Bankshares dropped their price objective on Savaria from C$23.00 to C$22.00 and set an "outperform" rating for the company in a report on Thursday, May 12th. Finally, Scotiabank increased their target price on Savaria from C$16.50 to C$17.50 in a research note on Friday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Savaria has an average rating of "Buy" and a consensus price target of C$23.00.