Saputo Inc. (TSE:SAP) Receives C$35.79 Average Price Target from Analysts

Saputo Inc. (TSE:SAP) has been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$35.79.

SAP has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of Saputo from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Desjardins raised their price objective on shares of Saputo from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Monday, June 10th. National Bankshares raised their price objective on shares of Saputo from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. TD Securities lifted their price target on shares of Saputo from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, CIBC lifted their price target on shares of Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Monday, June 10th.

Insider Activity at Saputo

In other news, Senior Officer Sindy Saragoca bought 1,361 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was purchased at an average price of C$29.39 per share, for a total transaction of C$39,999.79. In other Saputo news, Senior Officer Sindy Saragoca bought 1,361 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average cost of C$29.39 per share, with a total value of C$39,999.79. Also, Senior Officer Richard Wallace bought 4,950 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were acquired at an average cost of C$30.48 per share, with a total value of C$150,899.76. Insiders own 42.11% of the company’s stock.

Saputo Stock Performance

TSE:SAP opened at C$30.72 on Friday. The company has a fifty day simple moving average of C$28.07 and a two-hundred day simple moving average of C$27.40. The company has a market cap of C$13.04 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 0.21 and a beta of 0.32. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 58.27. Saputo has a 52 week low of C$25.28 and a 52 week high of C$31.24.

Saputo (TSE:SAP) last posted its earnings results on Thursday, June 6th. The company reported C$0.37 EPS for the quarter, meeting the consensus estimate of C$0.37. The firm had revenue of C$4.55 billion for the quarter, compared to analyst estimates of C$4.25 billion. Saputo had a return on equity of 4.76% and a net margin of 1.92%. As a group, equities analysts anticipate that Saputo will post 1.915804 earnings per share for the current fiscal year.

Saputo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Tuesday, June 18th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Tuesday, June 18th. Saputo’s payout ratio is currently 94.87%.

About Saputo

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.