Savaria Co. (TSE:SIS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Savaria Co. (TSE:SIS) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$25.50.

A number of analysts have issued reports on SIS shares. Stifel Nicolaus raised their target price on Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. National Bankshares upped their target price on shares of Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Cormark downgraded shares of Savaria from a “buy” rating to a “market perform” rating in a report on Monday. TD Securities increased their target price on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Scotiabank set a C$25.00 price target on Savaria and gave the company an “outperform” rating in a research note on Thursday, September 26th.

Insider Transactions at Savaria

In other Savaria news, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. In other Savaria news, Director Sylvain Dumoulin sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total transaction of C$110,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. In the last ninety days, insiders sold 50,002 shares of company stock valued at $1,046,042. Corporate insiders own 17.45% of the company’s stock.

Savaria Price Performance

TSE SIS opened at C$21.89 on Tuesday. Savaria has a 1 year low of C$13.95 and a 1 year high of C$23.92. The company has a fifty day simple moving average of C$21.86 and a 200 day simple moving average of C$19.49. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. The company has a market cap of C$1.56 billion, a P/E ratio of 33.68, a P/E/G ratio of 42.72 and a beta of 0.90.

Savaria Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $0.045 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.54 annualized dividend and a dividend yield of 2.47%. Savaria’s dividend payout ratio is currently 83.08%.

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.