Scotiabank Reiterates “C$25.00” Price Target for Savaria (TSE:SIS)

Scotiabank set a C$25.00 target price on Savaria (TSE:SIS) in a research report released on Thursday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the stock.

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

Savaria Trading Up 0.1 %

Savaria stock opened at C$21.70 on Thursday. Savaria has a 1 year low of C$12.21 and a 1 year high of C$22.00. The firm’s 50-day moving average is C$19.90 and its 200-day moving average is C$18.24. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The company has a market cap of C$1.54 billion, a P/E ratio of 33.38, a PEG ratio of 42.72 and a beta of 0.89.

Savaria (TSE:SIS) last issued its 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. The firm had revenue of C$221.34 million for the quarter, compared to analysts’ expectations of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. On average, equities analysts expect that Savaria will post 1.1890411 earnings per share for the current year.

Savaria Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be issued a $0.045 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.54 annualized dividend and a yield of 2.49%. This is an increase from Savaria’s previous monthly dividend of $0.04. Savaria’s dividend payout ratio is presently 83.08%.

Insider Buying and Selling at Savaria

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction that occurred on 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 Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$20.75, for a total transaction of C$415,041.50. 20.29% of the stock is owned by corporate 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.