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

Savaria Co. (TSE:SIS) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$25.50.

Several brokerages recently issued reports on SIS. Raymond James upped their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research note on Friday, September 13th. Cormark lowered Savaria from a “buy” rating to a “market perform” rating in a research note on Monday, November 11th. Scotiabank set a C$25.00 price target on Savaria and gave the stock an “outperform” rating in a research note on Thursday, September 26th. National Bankshares lifted their price target on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Desjardins raised their target price on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd.

Savaria Trading Up 0.9 %

Shares of SIS stock opened at C$20.28 on Wednesday. The company has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 42.72 and a beta of 0.90. 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 50-day moving average price of C$21.27 and a 200 day moving average price of C$20.49. Savaria has a twelve month low of C$14.75 and a twelve month high of C$23.92.

Savaria Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 2.66%. The ex-dividend date was Thursday, October 31st. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Insiders Place Their Bets

In other Savaria news, Senior Officer Jean-Philippe De Montigny acquired 19,545 shares of the stock in a transaction on Monday, November 11th. The stock was purchased at an average price of C$22.96 per share, for a total transaction of C$448,753.20. 17.45% of the stock is currently owned by 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.