Savaria (TSE:SIS) Stock Price Passes Above Fifty Day Moving Average of $16.69

Savaria Co. (TSE:SIS)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$16.69 and traded as high as C$17.12. Savaria shares last traded at C$16.96, with a volume of 61,113 shares trading hands.

Analysts Set New Price Targets

SIS has been the subject of a number of analyst reports. National Bankshares upped their price target on Savaria from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Stifel Nicolaus decreased their target price on shares of 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. Raymond James lifted their price target on shares of Savaria from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Cormark upped their price objective on shares of Savaria from C$18.00 to C$21.00 in a research report on Friday, March 8th. Finally, Scotiabank lifted their target price on Savaria from C$17.00 to C$21.50 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Savaria presently has a consensus rating of “Buy” and a consensus price target of C$21.64.

Savaria Trading Up 0.1 %

The firm has a market cap of C$1.20 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 42.72 and a beta of 0.88. The business’s 50 day moving average price is C$16.69 and its 200-day moving average price is C$15.60. The company has a debt-to-equity ratio of 58.17, a quick ratio of 0.91 and a current ratio of 1.98.

Savaria (TSE:SIS) last released its earnings results on Wednesday, March 6th. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. Savaria had a return on equity of 7.55% and a net margin of 4.52%. The company had revenue of C$216.84 million for the quarter, compared to the consensus estimate of C$214.78 million. Equities analysts expect that Savaria Co. will post 0.7950398 EPS for the current year.

Savaria Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.043 per share. The ex-dividend date is Monday, April 29th. This represents a $0.52 annualized dividend and a yield of 3.04%. Savaria’s payout ratio is 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.