Savaria Co. (TSE:SIS) Receives Consensus Recommendation of “Buy” from Analysts

Savaria Co. (TSE:SIS) has earned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$21.64.

Several analysts have recently commented on SIS shares. Stifel Nicolaus lowered their price objective on Savaria from C$25.00 to C$23.00 and set a “buy” rating for the company in a research note on Friday, March 8th. Desjardins increased their price target on Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a research report on Wednesday, April 10th. TD Securities raised their price objective on Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, April 12th. National Bankshares upped their target price on shares of Savaria from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, Scotiabank increased their target price on shares of Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating in a report on Friday, March 8th.

Savaria Stock Performance

Shares of Savaria stock opened at C$16.66 on Friday. The company has a market cap of C$1.18 billion, a P/E ratio of 29.23, a PEG ratio of 42.72 and a beta of 0.85. The company has a current ratio of 1.98, a quick ratio of 0.91 and a debt-to-equity ratio of 58.17. The business has a 50-day moving average price of C$16.66 and a two-hundred day moving average price of C$15.36. Savaria has a 1-year low of C$12.21 and a 1-year high of C$17.70.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The firm had revenue of C$216.84 million for the quarter, compared to analyst estimates of C$214.78 million. Savaria had a net margin of 4.52% and a return on equity of 7.55%. As a group, analysts anticipate that Savaria will post 0.7945271 EPS for the current year.

Savaria Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be issued a $0.043 dividend. This represents a $0.52 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Monday, April 29th. Savaria’s dividend payout ratio (DPR) is presently 91.23%.

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.