Brokerages Set Savaria Co. (TSE:SIS) Target Price at C$25.50

Savaria Co. (TSE:SIS) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$25.50.

A number of research firms have issued reports on SIS. Raymond James lifted their price objective on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research note on Friday, September 13th. National Bankshares upped their price target 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. Stifel Nicolaus lifted their price objective on shares of Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Cormark cut shares of Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, Scotiabank set a C$25.00 price target on Savaria and gave the stock an “outperform” rating in a research report on Thursday, September 26th.

Insider Buying and Selling at Savaria

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria 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. Also, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of C$22.96 per share, for a total transaction of C$448,753.20. Company insiders own 17.45% of the company’s stock.

Savaria Trading Down 0.4 %

Shares of SIS stock opened at C$20.66 on Friday. 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 stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. Savaria has a 12-month low of C$14.61 and a 12-month high of C$23.92. The stock’s 50-day moving average price is C$22.23 and its 200-day moving average price is C$20.18.

Savaria Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, October 31st. Savaria’s dividend payout ratio (DPR) 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.