Savaria Co. (TSE:SIS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Savaria Co. (TSE:SIS) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$25.50.

Several equities research analysts have issued reports on SIS shares. Desjardins lifted their price target on shares of Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Cormark lowered Savaria from a “buy” rating to a “market perform” rating in a report on Monday, November 11th. National Bankshares increased their price objective on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Scotiabank set a C$25.00 target price on shares of Savaria and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Raymond James increased their price target on shares of Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research note on Friday, September 13th.

Insider Buying and Selling at Savaria

In other news, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of Savaria stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of C$22.96 per share, for a total transaction of C$448,753.20. Insiders own 17.45% of the company’s stock.

Savaria Price Performance

Shares of SIS opened at C$20.35 on Wednesday. The company has a 50 day moving average of C$21.36 and a 200-day moving average of C$20.46. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. The stock has a market capitalization of C$1.45 billion, a P/E ratio of 31.31, a P/E/G ratio of 42.72 and a beta of 0.90. Savaria has a twelve month low of C$14.75 and a twelve month high of C$23.92.

Savaria Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, October 31st. Savaria’s payout ratio is 83.08%.

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.