Savaria Co. (TSE:SIS) Given Consensus Rating of “Buy” by Analysts

Savaria Co. (TSE:SIS) has received an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$24.33.

Several research firms have recently weighed in on SIS. National Bankshares lifted their price target on shares of Savaria from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Stifel Nicolaus upped their price target on shares of Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd.

Insider Activity at Savaria

In other news, insider Alexandre Bourassa sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of C$21.18, for a total transaction of C$529,545.00. Following the sale, the insider owned 20,000 shares in the company, valued at C$423,636. The trade was a 55.56% decrease in their ownership of the stock. 17.45% of the stock is owned by insiders.

Savaria Price Performance

SIS opened at C$21.03 on Friday. The company has a 50-day moving average of C$20.67 and a 200-day moving average of C$19.18. The company has a market capitalization of C$1.50 billion, a P/E ratio of 27.67, a PEG ratio of 42.72 and a beta of 1.17. Savaria has a 1-year low of C$14.97 and a 1-year high of C$23.92. The company has a debt-to-equity ratio of 54.11, a quick ratio of 0.91 and a current ratio of 1.97.

Savaria Dividend Announcement

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 29th will be issued a $0.0467 dividend. Savaria’s payout ratio is currently 70.61%.

Savaria Company Profile

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.