Desjardins Raises Savaria (TSE:SIS) Price Target to C$26.00

Savaria (TSE:SIS) had its target price hoisted by Desjardins from C$25.00 to C$26.00 in a research report released on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. TD Securities upped their price objective on Savaria from C$23.00 to C$24.00 and gave the company a buy rating in a research note on Thursday, August 8th. Raymond James boosted their target price on shares of Savaria from C$25.00 to C$27.50 and gave the company an outperform rating in a report on Friday, September 13th. Stifel Nicolaus increased their price objective on Savaria from C$24.00 to C$25.00 and gave the stock a buy rating in a report on Tuesday, August 20th. Finally, National Bankshares increased their price target on shares of Savaria from C$21.00 to C$22.00 in a report on Thursday, August 8th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$24.36.

Savaria Trading Up 3.1 %

TSE:SIS opened at C$21.51 on Monday. Savaria has a 52 week low of C$12.21 and a 52 week high of C$22.00. The firm has a 50-day moving average price of C$19.79 and a two-hundred day moving average price of C$18.16. The firm has a market cap of C$1.53 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 42.72 and a beta of 0.89. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.20 by C$0.02. The firm had revenue of C$221.34 million during the quarter, compared to analyst estimates of C$213.08 million. Savaria had a return on equity of 8.95% and a net margin of 5.25%. On average, equities analysts expect that Savaria will post 1.1890411 earnings per share for the current fiscal year.

Savaria Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Monday, September 30th. This is a boost from Savaria’s previous monthly dividend of $0.04. Savaria’s payout ratio is currently 83.08%.

Insider Transactions at Savaria

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. In other news, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. 20.29% of the stock is currently owned by insiders.

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.