Savaria (TSE:SIS) Reaches New 1-Year High at $17.75

Savaria Co. (TSE:SIS)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$17.75 and last traded at C$17.58, with a volume of 133300 shares. The stock had previously closed at C$16.96.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Desjardins raised their price objective on shares of Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a report on Wednesday, April 10th. National Bankshares boosted their price target on shares of Savaria from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. 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 report on Friday, April 12th. Cormark boosted their target price on shares of Savaria from C$18.00 to C$21.00 in a report on Friday, March 8th. Finally, Stifel Nicolaus cut their price target on shares of Savaria from C$25.00 to C$23.00 and set a “buy” rating on the stock in a report on Friday, March 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$21.64.

Savaria Trading Up 3.4 %

The company has a debt-to-equity ratio of 58.17, a current ratio of 1.98 and a quick ratio of 0.91. The company has a market cap of C$1.24 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 42.72 and a beta of 0.88. The business has a 50 day simple moving average of C$16.69 and a 200 day simple moving average of C$15.60.

Savaria (TSE:SIS) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The firm had revenue of C$216.84 million for the quarter, compared to the consensus estimate of C$214.78 million. Savaria had a return on equity of 7.55% and a net margin of 4.52%. As a group, equities analysts forecast that Savaria Co. will post 0.7950398 EPS for the current year.

Savaria Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th will be given a $0.043 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.52 annualized dividend and a dividend yield of 2.94%. Savaria’s dividend payout ratio is currently 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.