Saputo Inc. (TSE:SAP – Get 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 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.
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