Savaria Co. (TSE:SIS) Director Sells C$72,400.00 in Stock

Savaria Co. (TSE:SIS) Director Peter Allen Drutz sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$18.10, for a total value of C$72,400.00.

Savaria Stock Performance

SIS stock traded down C$0.15 during midday trading on Friday, hitting C$17.84. The stock had a trading volume of 49,648 shares, compared to its average volume of 65,791. The firm has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 42.72 and a beta of 0.88. Savaria Co. has a 52 week low of C$12.21 and a 52 week high of C$18.16. The stock has a 50-day simple moving average of C$17.30 and a 200 day simple moving average of C$16.37. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 58.20.

Savaria (TSE:SIS) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.16 by C$0.03. The company had revenue of C$209.44 million during the quarter, compared to analysts’ expectations of C$214.32 million. Savaria had a return on equity of 8.52% and a net margin of 5.13%. As a group, equities research analysts anticipate that Savaria Co. will post 0.8296678 earnings per share for the current year.

Savaria Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 31st were issued a dividend of $0.043 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.89%. Savaria’s payout ratio is presently 81.25%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SIS. TD Securities increased their price target on Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, April 12th. Desjardins increased their price target on Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a report on Wednesday, April 10th. Scotiabank increased their price objective on Savaria from C$21.50 to C$22.00 in a research report on Friday, May 10th. Raymond James increased their price objective on Savaria from C$19.00 to C$22.00 in a research report on Friday, May 10th. Finally, Stifel Nicolaus reduced their price objective on Savaria from C$25.00 to C$23.00 and set a “buy” rating for the company in a research report on Friday, March 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$22.64.

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.