Savaria (TSE:SIS) Price Target Raised to C$27.00 at National Bankshares

Savaria (TSE:SIS) had its price target raised by National Bankshares from C$22.00 to C$27.00 in a research report report published on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. Raymond James increased their price target on shares of Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research report on Friday, September 13th. Stifel Nicolaus increased their target price on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Scotiabank set a C$25.00 price target on shares of Savaria and gave the stock an “outperform” rating in a report on Thursday, September 26th. TD Securities increased their price objective on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Desjardins raised their price objective on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$25.50.

Savaria Stock Performance

The company has a market capitalization of C$1.61 billion, a P/E ratio of 34.91, a PEG ratio of 42.72 and a beta of 0.90. The company’s 50-day simple moving average is C$21.21 and its 200 day simple moving average is C$19.00. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. Savaria has a one year low of C$12.21 and a one year high of C$23.92.

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 business had revenue of C$221.34 million for the quarter, compared to analysts’ expectations of C$213.08 million. Savaria had a return on equity of 8.95% and a net margin of 5.25%. On average, analysts forecast that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Savaria Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of ∞. The ex-dividend date is Thursday, October 31st. Savaria’s dividend payout ratio is presently 83.08%.

Insiders Place Their Bets

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. In other news, Director Sylvain Dumoulin sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total value of C$110,000.00. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. Over the last 90 days, insiders sold 50,002 shares of company stock valued at $1,046,042. 17.45% of the stock is currently owned by corporate 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.