Savaria Co. (TSE:SIS) Receives C$21.64 Average Target Price from Analysts

Shares of Savaria Co. (TSE:SIS) have earned an average rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$21.64.

Several analysts recently issued reports on the company. Desjardins lifted their target price 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. Cormark boosted their target price on shares of Savaria from C$18.00 to C$21.00 in a report on Friday, March 8th. Stifel Nicolaus cut their target price on shares of Savaria from C$25.00 to C$23.00 and set a “buy” rating for the company in a research note on Friday, March 8th. TD Securities boosted their price target on shares of Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Raymond James raised their price objective on Savaria from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, March 8th.

Savaria Stock Performance

TSE:SIS opened at C$16.51 on Friday. The company has a debt-to-equity ratio of 58.17, a quick ratio of 0.91 and a current ratio of 1.98. The stock has a 50-day simple moving average of C$16.65 and a two-hundred day simple moving average of C$15.45. The firm has a market capitalization of C$1.17 billion, a PE ratio of 28.96, a P/E/G ratio of 42.72 and a beta of 0.85. Savaria has a 52-week low of C$12.21 and a 52-week high of C$17.70.

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

Savaria Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.043 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Monday, April 29th. Savaria’s dividend payout ratio is 91.23%.

About Savaria

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.