Savaria (TSE:SIS) Hits New 1-Year High – Time to Buy?

Savaria Co. (TSE:SIS) shares reached a new 52-week high on Tuesday . The stock traded as high as C$22.48 and last traded at C$22.48, with a volume of 15607 shares changing hands. The stock had previously closed at C$22.33.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SIS shares. National Bankshares increased their price target on shares of Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. Raymond James increased their price target on shares of Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research report on Friday, September 13th. TD Securities increased their price target on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus upped their price objective on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, Desjardins upped their price objective on shares of Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$24.79.

Savaria Stock Performance

The firm has a market capitalization of C$1.59 billion, a PE ratio of 34.35, a P/E/G ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. The company’s fifty day simple moving average is C$20.22 and its 200 day simple moving average is C$18.45.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.02. Savaria had a net margin of 5.25% and a return on equity of 8.95%. The firm had revenue of C$221.34 million for the quarter, compared to the consensus estimate of C$213.08 million. As a group, equities research analysts expect that Savaria Co. will post 1.2048518 EPS for the current fiscal year.

Savaria Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.42%. This is an increase from Savaria’s previous monthly dividend of $0.04. The ex-dividend date is Monday, September 30th. Savaria’s dividend payout ratio is presently 83.08%.

Insider Transactions at Savaria

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. In related news, Director Sylvain Dumoulin sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total value of C$110,000.00. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. Over the last ninety days, insiders have sold 50,002 shares of company stock valued at $1,046,042. 17.45% of the stock is currently owned by corporate 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.