Savaria (TSE:SIS – Free Report) had its target price raised by TD Securities from C$21.00 to C$23.00 in a research report report published on Friday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on the stock. Scotiabank raised their price objective on shares of Savaria from C$17.00 to C$21.50 and gave the stock an outperform rating in a report on Friday, March 8th. 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. Cormark raised their price objective on shares of Savaria from C$18.00 to C$21.00 in a report on Friday, March 8th. National Bankshares raised their price objective on shares of Savaria from C$19.50 to C$20.50 and gave the stock an outperform rating in a report on Thursday, March 7th. Finally, Stifel Nicolaus lowered 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 report on Friday, March 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of Buy and an average price target of C$21.64.
Check Out Our Latest Research Report on Savaria
Savaria Stock Up 1.9 %
Savaria (TSE:SIS – Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported C$0.19 earnings per share for the quarter, beating 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 analysts’ expectations of C$214.78 million. Savaria had a net margin of 4.52% and a return on equity of 7.55%. As a group, equities research analysts predict that Savaria will post 0.7945271 earnings per share for the current fiscal year.
Savaria Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 28th were given a $0.043 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. Savaria’s dividend payout ratio (DPR) is 91.23%.
Insider Activity at Savaria
In other news, Senior Officer Jean-Philippe De Montigny acquired 17,980 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were purchased at an average cost of C$14.94 per share, for a total transaction of C$268,621.20. 19.86% of the stock is currently owned by insiders.
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.
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