Analysts Set Savaria Co. (TSE:SIS) Price Target at C$25.50

Savaria Co. (TSE:SIS) has received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$25.50.

A number of brokerages have recently weighed in on SIS. National Bankshares boosted their price objective on shares of Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus upped their price target on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Raymond James lifted their price objective on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a report on Friday, September 13th. Scotiabank set a C$25.00 target price on Savaria and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Desjardins raised their price target on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd.

Savaria Stock Performance

TSE SIS opened at C$22.13 on Tuesday. Savaria has a 52-week low of C$14.10 and a 52-week high of C$23.92. The company has a fifty day moving average of C$22.08 and a 200-day moving average of C$19.63. The company has a market capitalization of C$1.57 billion, a P/E ratio of 34.05, 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 quick ratio of 0.91 and a current ratio of 1.94.

Savaria Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $0.045 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a yield of 2.44%. Savaria’s dividend payout ratio (DPR) is 83.08%.

Insider Transactions at Savaria

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. Also, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of Savaria stock in a transaction dated Monday, November 11th. The shares were bought at an average price of C$22.96 per share, with a total value of C$448,753.20. Insiders have sold 50,002 shares of company stock valued at $1,046,042 in the last three months. 17.45% of the stock is currently owned by company insiders.

Savaria Company Profile

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.