Scotiabank Analysts Give Savaria (TSE:SIS) a C$25.00 Price Target

Scotiabank set a C$25.00 price objective on Savaria (TSE:SIS) in a research note released on Thursday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on SIS. National Bankshares raised their price objective on shares of Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. Stifel Nicolaus increased their price target on shares of Savaria from C$24.00 to C$25.00 and gave the company a buy rating in a report on Tuesday, August 20th. Desjardins boosted their target price 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. TD Securities increased their price target on shares of Savaria from C$23.00 to C$24.00 and gave the company a buy rating in a research report on Thursday, August 8th. Finally, Raymond James lifted their price target on shares of Savaria from C$25.00 to C$27.50 and gave the stock an outperform rating in a report on Friday, September 13th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of Buy and an average price target of C$24.79.

Savaria Trading Down 0.1 %

Shares of Savaria stock opened at C$21.70 on Thursday. The stock has a 50 day moving average of C$19.90 and a 200 day moving average of C$18.25. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The firm has a market capitalization of C$1.54 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 42.72 and a beta of 0.89. Savaria has a fifty-two week low of C$12.21 and a fifty-two week high of C$22.00.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.02. The firm had revenue of C$221.34 million during the quarter, compared to analysts’ expectations of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. As a group, research analysts predict that Savaria will post 1.1890411 earnings per share for the current year.

Savaria Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be given a $0.045 dividend. This is a boost from Savaria’s previous monthly dividend of $0.04. This represents a $0.54 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Monday, September 30th. Savaria’s dividend payout ratio (DPR) is currently 83.08%.

Insider Buying and Selling at Savaria

In other news, Senior Officer Sylvain Aubry sold 20,002 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were 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 stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total transaction of C$521,000.00. 20.29% of the stock is owned by company insiders.

About Savaria

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.