Savaria Co. (TSE:SIS) Director Sells C$521,000.00 in Stock

Savaria Co. (TSE:SIS) Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction 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.

Savaria Stock Down 3.9 %

SIS opened at C$20.86 on Wednesday. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. Savaria Co. has a 12 month low of C$12.21 and a 12 month high of C$22.00. The stock has a market capitalization of C$1.48 billion, a P/E ratio of 32.09, a P/E/G ratio of 42.72 and a beta of 0.89. The business has a 50 day simple moving average of C$19.73 and a 200-day simple moving average of C$18.13.

Savaria (TSE:SIS) last released its earnings results on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.02. Savaria had a return on equity of 8.95% and a net margin of 5.25%. The company had revenue of C$221.34 million during the quarter, compared to the consensus estimate of C$213.08 million. On average, equities analysts anticipate that Savaria Co. will post 1.1890411 earnings per share for the current fiscal year.

Savaria Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be given a dividend of $0.045 per share. This is a positive change from Savaria’s previous monthly dividend of $0.04. This represents a $0.54 annualized dividend and a yield of 2.59%. The ex-dividend date is Monday, September 30th. Savaria’s dividend payout ratio is presently 83.08%.

Analyst Ratings Changes

A number of research firms recently issued reports on SIS. TD Securities raised their price target on Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Raymond James lifted their target price on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research note on Friday, September 13th. Desjardins upped their price target on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus lifted their price objective 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. Finally, National Bankshares upped their price objective on shares of Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$24.36.

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.