Saputo Inc. (TSE:SAP) Receives C$34.81 Consensus PT from Analysts

Shares of Saputo Inc. (TSE:SAPGet Free Report) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$34.31.

SAP has been the topic of a number of recent analyst reports. Scotiabank raised shares of Saputo from a “sector perform” rating to an “outperform” rating and set a C$31.50 price target on the stock in a research report on Wednesday, January 17th. CIBC reduced their price target on shares of Saputo from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 30th. Royal Bank of Canada cut their target price on shares of Saputo from C$40.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Friday, February 2nd. BMO Capital Markets cut their price target on shares of Saputo from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. Finally, Desjardins lowered their target price on Saputo from C$35.00 to C$33.00 and set a “buy” rating for the company in a research note on Monday, November 13th.

View Our Latest Stock Analysis on Saputo

Insider Buying and Selling at Saputo

In other news, Director Thomas Atherton bought 7,650 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was bought at an average price of C$25.91 per share, with a total value of C$198,173.25. Insiders own 42.12% of the company’s stock.

Saputo Stock Up 2.0 %

Shares of TSE:SAP opened at C$28.18 on Friday. Saputo has a 1-year low of C$25.75 and a 1-year high of C$37.50. The company has a debt-to-equity ratio of 56.82, a quick ratio of 0.67 and a current ratio of 1.64. The company’s fifty day moving average is C$27.08 and its two-hundred day moving average is C$27.69. The stock has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 0.21 and a beta of 0.33.

Saputo (TSE:SAPGet Free Report) last posted its quarterly earnings results on Thursday, November 9th. The company reported C$0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.41 by C$0.02. The business had revenue of C$4.32 billion during the quarter, compared to analyst estimates of C$4.48 billion. Saputo had a net margin of 3.61% and a return on equity of 8.99%. Equities analysts anticipate that Saputo will post 1.9541724 EPS for the current year.

Saputo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 15th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, December 4th. Saputo’s dividend payout ratio is 49.33%.

About Saputo

(Get Free Report

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.

Further Reading

Analyst Recommendations for Saputo (TSE:SAP)

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