Raymond James Boosts Savaria (TSE:SIS) Price Target to C$27.50

Savaria (TSE:SIS) had its price target increased by Raymond James from C$25.00 to C$27.50 in a report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Savaria’s Q3 2024 earnings at $0.24 EPS, FY2024 earnings at $0.88 EPS and FY2025 earnings at $1.09 EPS.

Several other analysts have also weighed in on the stock. Desjardins lifted their price objective on shares of Savaria from C$23.50 to C$24.00 and gave the company a buy rating in a research note on Tuesday, July 30th. TD Securities upped their target price on Savaria from C$23.00 to C$24.00 and gave the stock a buy rating in a research report on Thursday, August 8th. National Bankshares boosted their price target on shares of Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. Finally, Stifel Nicolaus upped their price objective on shares of Savaria from C$24.00 to C$25.00 and gave the stock a buy rating in a report on Tuesday, August 20th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria has a consensus rating of Buy and an average target price of C$24.07.

Savaria Trading Up 1.9 %

Shares of SIS stock opened at C$20.92 on Friday. Savaria has a fifty-two week low of C$12.21 and a fifty-two week high of C$20.99. 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 stock has a 50 day simple moving average of C$19.34 and a two-hundred day simple moving average of C$17.92. The company has a market cap of C$1.49 billion, a P/E ratio of 32.18, a PEG ratio of 42.72 and a beta of 0.89.

Savaria (TSE:SIS) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.20 by C$0.02. The company had revenue of C$221.34 million during the quarter, compared to analyst estimates of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. Research analysts forecast that Savaria will post 1.1754488 earnings per share for the current year.

Savaria Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.045 per share. This is an increase from Savaria’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.54 annualized dividend and a yield of 2.58%. Savaria’s dividend payout ratio is presently 80.00%.

Insider Transactions at Savaria

In other news, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total value of C$415,041.50. Company insiders own 20.30% 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.