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

Savaria Co. (TSE:SIS)’s stock price crossed 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.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SIS. Scotiabank raised their price objective on Savaria from C$17.00 to C$21.50 and gave the stock an “outperform” rating in a research report on Friday, March 8th. TD Securities raised their price objective on Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Stifel Nicolaus cut their price objective on Savaria from C$25.00 to C$23.00 and set a “buy” rating for the company in a research report on Friday, March 8th. National Bankshares lifted their target price on Savaria from C$19.50 to C$20.50 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, Desjardins lifted their target price on Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Savaria presently has an average rating of “Buy” and a consensus target price of C$21.64.

Savaria Stock Performance

The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 42.72 and a beta of 0.85. The company has a debt-to-equity ratio of 58.17, a quick ratio of 0.91 and a current ratio of 1.98. The firm has a 50-day simple moving average of C$16.66 and a two-hundred day simple moving average of C$15.36.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The business had revenue of C$216.84 million during the quarter, compared to analysts’ expectations of C$214.78 million. Savaria had a return on equity of 7.55% and a net margin of 4.52%. On average, sell-side analysts anticipate that Savaria Co. will post 0.7945271 EPS for the current fiscal year.

Savaria Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th will be paid a $0.043 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Monday, April 29th. Savaria’s payout ratio 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.