Savaria Co. (TSE:SIS) Given Average Rating of "Moderate Buy" by Analysts

Shares of Savaria Co. (TSE:SIS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$25.50.

SIS has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on Savaria from C$24.00 to C$25.00 and gave the company a "buy" rating in a research report on Tuesday, August 20th. Raymond James increased their target price on shares of Savaria from C$25.00 to C$27.50 and gave the stock an "outperform" rating in a research report on Friday, September 13th. Cormark downgraded shares of Savaria from a "buy" rating to a "market perform" rating in a research report on Monday. TD Securities upped their price target on shares of Savaria from C$23.00 to C$24.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Finally, National Bankshares increased their target price on shares of Savaria from C$22.00 to C$27.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th.

Savaria Price Performance

SIS traded down C$0.10 during trading on Tuesday, reaching C$21.79. The stock had a trading volume of 41,309 shares, compared to its average volume of 78,390. The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. Savaria has a 1-year low of C$13.95 and a 1-year high of C$23.92. The stock has a 50 day moving average of C$21.91 and a two-hundred day moving average of C$19.50.

Savaria Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, October 31st. Savaria's dividend payout ratio (DPR) is presently 83.08%.

Insider Buying and Selling

In other news, Senior Officer Jean-Philippe De Montigny acquired 19,545 shares of the company's stock in a transaction dated Monday, November 11th. The stock was bought at an average price of C$22.96 per share, with a total value of C$448,753.20. In other news, Senior Officer Jean-Philippe De Montigny acquired 19,545 shares of the company's stock in a transaction dated Monday, November 11th. The stock was bought at an average price of C$22.96 per share, with a total value of C$448,753.20. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total transaction of C$415,041.50. Insiders sold 50,002 shares of company stock valued at $1,046,042 over the last quarter. Corporate insiders own 17.45% of the company's stock.

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.