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Savaria ( (TSE:SIS) ) has issued an announcement.
Savaria Corporation has announced a 3.7% increase in its monthly dividend, raising it to 4.67 cents per common share, reflecting the company’s strong financial performance and confidence in future profitability. This strategic move is aimed at maintaining balance sheet flexibility while allowing for debt reduction and investment in growth opportunities, signaling positive implications for stakeholders and reinforcing Savaria’s position in the accessibility industry.
The most recent analyst rating on (TSE:SIS) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on Savaria stock, see the TSE:SIS Stock Forecast page.
Spark’s Take on TSE:SIS Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIS is a Outperform.
Savaria’s strong financial performance and positive earnings call are the most significant factors contributing to the stock’s score. The company’s robust revenue growth, profitability, and strategic initiatives position it well for future growth. Technical analysis supports a positive trend, although the valuation suggests the stock may be slightly overvalued. Challenges in Europe are noted but are expected to be temporary.
To see Spark’s full report on TSE:SIS stock, click here.
More about Savaria
Savaria Corporation is a global leader in the accessibility industry, offering solutions to enhance comfort, mobility, and independence for the physically challenged. The company designs, manufactures, distributes, and installs a wide range of accessibility equipment, including stairlifts, wheelchair lifts, and elevators for both residential and commercial use. Additionally, Savaria provides pressure management products for the medical market and medical equipment for safe patient handling. With a global sales network and direct sales offices in North America, Europe, Australia, and China, Savaria employs approximately 2,500 people and operates manufacturing plants across Canada, the United States, Mexico, Europe, and China.
Average Trading Volume: 64,570
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.47B
For an in-depth examination of SIS stock, go to TipRanks’ Overview page.