Savaria (TSE:SIS) Reaches New 12-Month High – What’s Next?

Savaria Co. (TSE:SIS) reached a new 52-week high during trading on Tuesday . The company traded as high as C$23.47 and last traded at C$23.40, with a volume of 12181 shares traded. The stock had previously closed at C$23.34.

Analyst Ratings Changes

SIS has been the topic of a number of research reports. National Bankshares boosted their target price on shares of Savaria from C$21.00 to C$22.00 in a report on Thursday, August 8th. Desjardins boosted their target price on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. TD Securities boosted their target price on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus boosted their target price on shares of Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, Scotiabank set a C$25.00 target price on shares of Savaria and gave the stock an “outperform” rating in a report on Thursday, September 26th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria presently has a consensus rating of “Buy” and an average price target of C$24.79.

Savaria Trading Down 0.9 %

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 firm has a market cap of C$1.67 billion, a PE ratio of 36.06, a P/E/G ratio of 42.72 and a beta of 0.90. The company’s 50-day moving average is C$20.83 and its 200 day moving average is C$18.78.

Savaria (TSE:SIS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, beating the consensus estimate of C$0.20 by C$0.02. The business had revenue of C$221.34 million during the quarter, compared to the consensus estimate of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. As a group, sell-side analysts predict that Savaria Co. will post 1.2048518 EPS for the current year.

Savaria Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Monday, September 30th. This is an increase from Savaria’s previous monthly dividend of $0.04. Savaria’s dividend payout ratio is 83.08%.

Insider Buying and Selling at Savaria

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