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

Saputo Inc. (TSE:SAPGet Free Report) 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.

Check Out Our Latest Report on SAP

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

(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.

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Analyst Recommendations for Saputo (TSE:SAP)

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