Savaria (TSE:SIS) Sets New 52-Week High at $18.16

Savaria Co. (TSE:SIS) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$18.16 and last traded at C$18.13, with a volume of 48530 shares traded. The stock had previously closed at C$17.81.

Analysts Set New Price Targets

SIS has been the subject of a number of analyst reports. National Bankshares lifted their price target on Savaria from C$20.50 to C$21.00 in a research note on Thursday, May 9th. Cormark upped their price target on Savaria from C$22.50 to C$24.00 in a report on Friday, May 10th. Desjardins raised their price objective on Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Scotiabank upped their target price on shares of Savaria from C$21.50 to C$22.00 in a research note on Friday, May 10th. Finally, Raymond James raised their price target on shares of Savaria from C$19.00 to C$22.00 in a research report on Friday, May 10th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Savaria presently has an average rating of “Buy” and an average price target of C$22.64.

Savaria Price Performance

The business’s 50-day moving average price is C$17.44 and its 200 day moving average price is C$16.53. The company has a market capitalization of C$1.29 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 42.72 and a beta of 0.88. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 58.20.

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

Savaria Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 31st were paid a $0.043 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.52 dividend on an annualized basis and a yield of 2.85%. Savaria’s dividend payout ratio is presently 81.25%.

Insider Activity

In other Savaria news, Director Peter Allen Drutz sold 4,000 shares of Savaria 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 transaction of C$72,400.00. In other news, Director Peter Allen Drutz sold 4,000 shares of Savaria stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total value of C$72,400.00. Also, Senior Officer Jean-Philippe De Montigny bought 11,600 shares of the stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of C$17.24 per share, with a total value of C$199,984.00. Corporate insiders own 20.38% of the company’s stock.

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.