Saputo Inc. (TSE:SAP) Receives C$31.29 Average Price Target from Brokerages

Saputo Inc. (TSE:SAP) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$31.29.

SAP has been the topic of a number of research analyst reports. BMO Capital Markets decreased their price target on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Jefferies Financial Group decreased their price target on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. TD Securities decreased their price target on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Desjardins decreased their price target on shares of Saputo from C$34.00 to C$31.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, Royal Bank of Canada decreased their price target on shares of Saputo from C$38.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday, February 7th.

Saputo Stock Performance

Saputo stock opened at C$25.48 on Thursday. The firm’s 50 day simple moving average is C$24.36 and its 200 day simple moving average is C$26.63. The firm has a market capitalization of C$10.74 billion, a PE ratio of -68.22, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. Saputo has a 1-year low of C$22.59 and a 1-year high of C$32.15. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68.

Saputo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Tuesday, March 4th. Saputo’s dividend payout ratio is currently -203.48%.

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.