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

Shares of Savaria Co. (TSE:SIS) crossed above its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SIS shares. TD Securities boosted their price objective on shares of Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Raymond James boosted their target price on shares of Savaria from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. National Bankshares boosted their target price on shares of Savaria from C$19.50 to C$20.50 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Cormark boosted their target price on shares of Savaria from C$18.00 to C$21.00 in a research note on Friday, March 8th. Finally, Desjardins boosted their target price 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. Six research 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 a consensus price target of C$21.64.

Savaria Trading Down 0.5 %

The stock’s 50 day moving average is C$16.66 and its two-hundred day moving average is C$15.36. The company has a market capitalization of C$1.20 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 42.72 and a beta of 0.85. The company has a quick ratio of 0.91, a current ratio of 1.98 and a debt-to-equity ratio of 58.17.

Savaria (TSE:SIS) last released its quarterly earnings data 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. Savaria had a net margin of 4.52% and a return on equity of 7.55%. The company had revenue of C$216.84 million during the quarter, compared to analyst estimates of C$214.78 million. As a group, sell-side analysts predict that Savaria Co. will post 0.7945271 EPS for the current fiscal year.

Savaria Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be paid a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Monday, April 29th. 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.