Saputo (TSE:SAP) Sets New 52-Week Low Following Analyst Downgrade

Saputo Inc. (TSE:SAP)’s share price hit a new 52-week low during trading on Tuesday after Jefferies Financial Group lowered their price target on the stock from C$36.00 to C$32.00. Jefferies Financial Group currently has a buy rating on the stock. Saputo traded as low as C$24.63 and last traded at C$25.03, with a volume of 696364 shares traded. The stock had previously closed at C$25.20.

Several other analysts have also recently commented on the stock. Desjardins set a C$34.00 price target on shares of Saputo in a report on Monday, November 11th. BMO Capital Markets lowered shares of Saputo from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$35.00 to C$30.00 in a research note on Tuesday, October 15th. Royal Bank of Canada dropped their price target on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Finally, TD Securities reduced their price objective on Saputo from C$38.00 to C$37.00 in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$34.19.

Insider Buying and Selling

In other Saputo news, Senior Officer Leanne Cutts bought 4,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is owned by corporate insiders.

Saputo Trading Up 0.1 %

The business has a 50 day moving average price of C$26.57 and a 200 day moving average price of C$28.86. The company has a market capitalization 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 company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17.

Saputo Announces Dividend

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