Savaria Co. (TSE:SIS - Get Free Report) Director Jean-Louis Chapdelaine sold 25,000 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00.
Savaria Stock Down 1.2 %
Shares of TSE:SIS opened at C$21.70 on Monday. The company's fifty day moving average is C$19.62 and its two-hundred day moving average is C$18.07. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. Savaria Co. has a 1-year low of C$12.21 and a 1-year high of C$22.00. The stock has a market capitalization of C$1.54 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 42.72 and a beta of 0.89.
Savaria (TSE:SIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 earnings per share for the quarter, beating analysts' consensus estimates of C$0.20 by C$0.02. Savaria had a net margin of 5.25% and a return on equity of 8.95%. The business had revenue of C$221.34 million during the quarter, compared to the consensus estimate of C$213.08 million. Equities analysts anticipate that Savaria Co. will post 1.1890411 EPS for the current year.
Savaria Increases Dividend
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The business also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be issued a $0.045 dividend. This is an increase from Savaria's previous monthly dividend of $0.04. The ex-dividend date is Monday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 2.49%. Savaria's dividend payout ratio (DPR) is 83.08%.
Wall Street Analysts Forecast Growth
SIS has been the topic of a number of recent analyst reports. Desjardins upped their target price on Savaria from C$23.50 to C$24.00 and gave the company a "buy" rating in a research report on Tuesday, July 30th. National Bankshares increased their price objective on shares of Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. Raymond James raised their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the stock an "outperform" rating in a report on Friday, September 13th. Stifel Nicolaus upped their target price on shares of Savaria from C$24.00 to C$25.00 and gave the company a "buy" rating in a research note on Tuesday, August 20th. Finally, TD Securities lifted their price target on Savaria from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$24.07.
Read Our Latest Report on SIS
About Savaria
(
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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.
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