Saputo Inc. (TSE:SAP) Receives C$34.50 Consensus PT from Analysts

Saputo Inc. (TSE:SAP) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$34.19.

SAP has been the topic of a number of recent analyst reports. TD Securities reduced their target price on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. BMO Capital Markets lowered shares of Saputo from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$35.00 to C$30.00 in a research note on Tuesday, October 15th. Royal Bank of Canada cut their target price on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Desjardins set a C$34.00 price target on shares of Saputo in a report on Monday, November 11th. Finally, Jefferies Financial Group dropped their price objective on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research note on Monday.

Insiders Place Their Bets

In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of C$26.25 per share, with a total value of C$105,000.00. Insiders own 40.45% of the company’s stock.

Saputo Trading Up 0.1 %

SAP stock opened at C$25.05 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. Saputo has a twelve month low of C$24.63 and a twelve month high of C$32.15. The company has a market cap of C$10.63 billion, a P/E ratio of 39.76, a PEG ratio of 0.56 and a beta of 0.32. The business has a fifty day moving average of C$26.52 and a 200-day moving average of C$28.84.

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.03%. The ex-dividend date was Tuesday, December 10th. Saputo’s payout ratio is 120.63%.

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.