Savaria (TSE:SIS) Trading 1.1% Higher - Still a Buy?

Savaria Co. (TSE:SIS - Get Free Report) traded up 1.1% on Friday . The company traded as high as C$21.10 and last traded at C$21.02. 94,046 shares traded hands during trading, an increase of 16% from the average session volume of 80,866 shares. The stock had previously closed at C$20.80.

Wall Street Analyst Weigh In

SIS has been the subject of a number of recent research reports. Scotiabank set a C$25.00 target price on Savaria and gave the stock an "outperform" rating in a report on Thursday, September 26th. Cormark lowered Savaria from a "buy" rating to a "market perform" rating in a research note on Monday, November 11th. Desjardins boosted their target price on shares of Savaria from C$25.00 to C$26.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. National Bankshares increased their target price on shares of Savaria from C$22.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their price target on shares of Savaria from C$24.00 to C$25.00 and gave the company a "buy" rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$25.50.

Savaria Trading Up 1.1 %

The company's 50-day moving average is C$22.30 and its 200-day moving average is C$20.13. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The firm has a market cap of C$1.49 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 42.72 and a beta of 0.90.

Savaria Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $0.045 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.57%. Savaria's payout ratio is 83.08%.

Insider Activity at Savaria

In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. Insiders sold a total of 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.

Savaria Company Profile

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.