Savaria (TSE:SIS) Shares Pass Above 50-Day Moving Average of $16.65

Savaria Co. (TSE:SIS) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$16.65 and traded as high as C$16.74. Savaria shares last traded at C$16.74, with a volume of 50,161 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SIS. Raymond James boosted their price target on shares of Savaria from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Scotiabank lifted their price objective on shares of Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating 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 company a “buy” rating in a research note on Friday, April 12th. Desjardins boosted their price target on shares of Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Cormark upped their target price on shares of Savaria from C$18.00 to C$21.00 in a research note on Friday, March 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Savaria presently has a consensus rating of “Buy” and an average target price of C$21.64.

Savaria Stock Up 0.2 %

The stock’s fifty day moving average is C$16.65 and its two-hundred day moving average is C$15.32. The company has a current ratio of 1.98, a quick ratio of 0.91 and a debt-to-equity ratio of 58.17. The company has a market capitalization of C$1.19 billion, a PE ratio of 29.37, a P/E/G ratio of 42.72 and a beta of 0.85.

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

Savaria Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.043 per share. This represents a $0.52 annualized dividend and a yield of 3.08%. The ex-dividend date was Wednesday, March 27th. Savaria’s dividend payout ratio (DPR) is presently 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.