Savaria Co. (TSE:SIS – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$19.25 and last traded at C$19.25, with a volume of 12278 shares. The stock had previously closed at C$19.00.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on SIS. TD Securities increased their target price on Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. National Bankshares raised their price objective on Savaria from C$20.50 to C$21.00 in a research note on Thursday, May 9th. Raymond James raised their price objective on Savaria from C$19.00 to C$22.00 in a research note on Friday, May 10th. Cormark raised their price objective on Savaria from C$22.50 to C$24.00 in a research note on Friday, May 10th. Finally, Desjardins raised their price objective on Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria currently has an average rating of “Buy” and a consensus target price of C$22.64.
Check Out Our Latest Research Report on SIS
Savaria Stock Performance
Savaria (TSE:SIS – Get Free Report) last issued 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 return on equity of 8.52% and a net margin of 5.13%. The company had revenue of C$209.44 million for the quarter, compared to analyst estimates of C$214.32 million. On average, equities analysts expect that Savaria Co. will post 0.8296678 earnings per share for the current fiscal year.
Savaria Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, August 9th. Stockholders of record on Wednesday, July 31st will be paid a $0.043 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.52 annualized dividend and a dividend yield of 2.68%. Savaria’s payout ratio is 81.25%.
Insider Activity at Savaria
In other news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of C$17.24 per share, with a total value of C$199,984.00. In other news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of C$17.24 per share, with a total value of C$199,984.00. Also, Director Peter Allen Drutz sold 4,000 shares of Savaria stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total value of C$72,400.00. 20.38% of the stock is currently owned by company insiders.
About Savaria
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.
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