Savaria Co. (TSE:SIS) Receives C$23.28 Average Price Target from Analysts

Savaria Co. (TSE:SISGet Rating) has received an average recommendation of “Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$23.28.

A number of brokerages recently weighed in on SIS. Stifel Nicolaus restated a “buy” rating and set a C$25.00 price objective on shares of Savaria in a research report on Thursday, April 14th. Scotiabank cut their target price on Savaria from C$23.00 to C$21.00 in a report on Wednesday, April 27th. TD Securities dropped their price objective on Savaria from C$22.00 to C$19.00 and set a “buy” rating on the stock in a research note on Friday. National Bankshares dropped their price objective on Savaria from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Thursday, May 12th. Finally, National Bank Financial dropped their price objective on Savaria from C$24.50 to C$23.50 and set an “outperform” rating on the stock in a research note on Friday, March 25th.

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The stock was sold at an average price of C$17.48, for a total transaction of C$437,075.00. Following the completion of the sale, the director now directly owns 125,000 shares of the company’s stock, valued at approximately C$2,185,375.

Shares of SIS stock opened at C$13.81 on Friday. The firm has a market capitalization of C$886.77 million and a P/E ratio of 73.85. Savaria has a twelve month low of C$12.73 and a twelve month high of C$22.63. The company has a quick ratio of 1.04, a current ratio of 1.93 and a debt-to-equity ratio of 99.72. The stock’s fifty day simple moving average is C$16.53 and its 200 day simple moving average is C$17.89.

Savaria (TSE:SISGet Rating) last issued its quarterly earnings data on Wednesday, March 23rd. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.13). The company had revenue of C$189.53 million during the quarter, compared to analyst estimates of C$182.35 million. As a group, equities research analysts expect that Savaria will post 0.94 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were issued a dividend of $0.042 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Thursday, April 28th. Savaria’s dividend payout ratio is currently 260.32%.

Savaria Company Profile (Get Rating)

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Patient Care, and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts for commercial and residential applications, and accessibility and home elevators.

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Analyst Recommendations for Savaria (TSE:SIS)

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