Saputo Inc. (TSE:SAP – Free Report) – Stock analysts at Desjardins reduced their FY2024 earnings estimates for Saputo in a research report issued on Sunday, November 12th. Desjardins analyst C. Li now forecasts that the company will post earnings per share of $1.58 for the year, down from their previous forecast of $1.76. Desjardins has a “Buy” rating and a $33.00 price objective on the stock. The consensus estimate for Saputo’s current full-year earnings is $1.79 per share. Desjardins also issued estimates for Saputo’s FY2025 earnings at $1.90 EPS.
A number of other analysts also recently weighed in on the stock. Scotiabank reduced their target price on shares of Saputo from C$34.00 to C$31.50 and set a “sector perform” rating on the stock in a research report on Monday. TD Securities decreased their target price on shares of Saputo from C$42.00 to C$40.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets dropped their price target on Saputo from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Monday. CIBC reduced their price objective on Saputo from C$38.00 to C$37.00 and set an “outperform” rating for the company in a research report on Monday. Finally, National Bankshares dropped their target price on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Saputo has a consensus rating of “Moderate Buy” and an average target price of C$35.19.
Saputo Trading Up 3.3 %
TSE SAP opened at C$27.71 on Wednesday. The stock’s 50 day moving average is C$28.17 and its 200 day moving average is C$29.87. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 57.68. The firm has a market capitalization of C$11.71 billion, a PE ratio of 18.72, a P/E/G ratio of 0.21 and a beta of 0.39. Saputo has a twelve month low of C$26.37 and a twelve month high of C$37.50.
Saputo Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Monday, December 4th. Saputo’s dividend payout ratio is currently 50.00%.
Insiders Place Their Bets
In related news, Director Anna Lisa King sold 2,000 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of C$28.35, for a total transaction of C$56,692.00. In other Saputo news, Director Joe Marsilii purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of C$27.94 per share, for a total transaction of C$139,700.00. Also, Director Anna Lisa King sold 2,000 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of C$28.35, for a total value of C$56,692.00. 42.28% of the stock is currently owned by insiders.
Saputo Company Profile
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
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