Savaria (TSE:SIS) Reaches New 12-Month High at $18.90

Savaria Co. (TSE:SIS) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$18.90 and last traded at C$18.85, with a volume of 129221 shares traded. The stock had previously closed at C$18.62.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SIS. TD Securities upped their price objective on shares of Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. National Bankshares increased their price target on shares of Savaria from C$20.50 to C$21.00 in a research report on Thursday, May 9th. Scotiabank boosted their price objective on shares of Savaria from C$21.50 to C$22.00 in a research report on Friday, May 10th. Desjardins raised their target price on Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Cormark upped their price objective on Savaria from C$22.50 to C$24.00 in a research report on Friday, May 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$22.64.

Savaria Stock Up 0.8 %

The company has a market cap of C$1.33 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 42.72 and a beta of 0.88. The stock’s 50-day moving average is C$17.80 and its 200-day moving average is C$16.81. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 58.20.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.16 by C$0.03. Savaria had a net margin of 5.13% and a return on equity of 8.52%. The business had revenue of C$209.44 million during the quarter, compared to the consensus estimate of C$214.32 million. On average, analysts anticipate that Savaria Co. will post 0.8296678 earnings per share for the current fiscal year.

Savaria Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 31st were paid a $0.043 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.52 annualized dividend and a yield of 2.75%. Savaria’s dividend payout ratio (DPR) is 81.25%.

Insider Activity

In other news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of Savaria stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of C$17.24 per share, with a total value of C$199,984.00. In other Savaria news, Senior Officer Jean-Philippe De Montigny purchased 11,600 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of C$17.24 per share, for a total transaction of C$199,984.00. Also, Director Peter Allen Drutz sold 4,000 shares of Savaria stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$18.10, for a total transaction of C$72,400.00. Insiders own 20.38% of the company’s stock.

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.