TD Securities Boosts Savaria (TSE:SIS) Price Target to C$23.00

Savaria (TSE:SIS) had its price objective boosted by TD Securities from C$21.00 to C$23.00 in a research report released on Friday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms have also commented on SIS. Cormark increased their price objective on shares of Savaria from C$18.00 to C$21.00 in a research report on Friday, March 8th. Raymond James increased their target price on shares of Savaria from C$18.00 to C$19.00 and gave the company an outperform rating in a research note on Friday, March 8th. Desjardins increased their target price on shares of Savaria from C$22.50 to C$23.50 and gave the company a buy rating in a research note on Wednesday, April 10th. Stifel Nicolaus reduced their target price on shares of Savaria from C$25.00 to C$23.00 and set a buy rating on the stock in a research note on Friday, March 8th. Finally, Scotiabank increased their target price on shares of Savaria from C$17.00 to C$21.50 and gave the company an outperform rating in a research note on Friday, March 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of C$21.64.

Savaria Price Performance

SIS stock opened at C$17.05 on Friday. Savaria has a 52 week low of C$12.21 and a 52 week high of C$17.70. The company has a quick ratio of 0.91, a current ratio of 1.98 and a debt-to-equity ratio of 58.17. The company has a fifty day simple moving average of C$16.62 and a two-hundred day simple moving average of C$15.23. The firm has a market capitalization of C$1.21 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 42.72 and a beta of 0.85.

Savaria (TSE:SIS) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Savaria had a net margin of 4.52% and a return on equity of 7.55%. The business had revenue of C$216.84 million during the quarter, compared to analyst estimates of C$214.78 million. Analysts anticipate that Savaria will post 0.7945271 earnings per share for the current fiscal year.

Savaria Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 28th were paid a $0.043 dividend. This represents a $0.52 annualized dividend and a yield of 3.03%. The ex-dividend date was Wednesday, March 27th. Savaria’s dividend payout ratio is presently 91.23%.

Insider Buying and Selling

In related news, Senior Officer Jean-Philippe De Montigny purchased 17,980 shares of Savaria stock in a transaction that occurred on Thursday, January 18th. The shares were bought at an average price of C$14.94 per share, with a total value of C$268,621.20. 19.86% of the stock is currently owned by insiders.

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.