Saputo (TSE:SAP) Price Target Cut to C$28.00 by Analysts at National Bankshares

Saputo (TSE:SAP) had its price objective decreased by National Bankshares from C$31.00 to C$28.00 in a research note released on Wednesday morning,BayStreet.CA reports.

SAP has been the subject of a number of other research reports. TD Securities dropped their price target on Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Desjardins set a C$34.00 price target on shares of Saputo in a research report on Monday, November 11th. Jefferies Financial Group lowered their price objective on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Royal Bank of Canada cut their price objective on Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, BMO Capital Markets decreased their target price on Saputo from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Saputo has a consensus rating of “Moderate Buy” and an average price target of C$32.94.

Saputo Stock Performance

Shares of TSE:SAP opened at C$23.03 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17. The company has a market cap of C$9.77 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. Saputo has a 12 month low of C$22.65 and a 12 month high of C$32.15. The company has a 50-day moving average price of C$25.48 and a 200-day moving average price of C$28.26.

Saputo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 3.30%. Saputo’s payout ratio is 120.63%.

Insider Transactions at Saputo

In related news, Senior Officer Leanne Cutts purchased 4,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased 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 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.