Saputo Inc. (TSE:SAP) Receives C$35.50 Consensus Target Price from Analysts

Shares of Saputo Inc. (TSE:SAP) have received a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is C$35.50.

A number of analysts recently commented on SAP shares. Royal Bank of Canada upped their price objective on shares of Saputo from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. BMO Capital Markets upped their price objective on shares of Saputo from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. National Bankshares lowered their price objective on shares of Saputo from C$36.00 to C$35.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Desjardins upped their price objective on shares of Saputo from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, TD Securities upped their price objective on shares of Saputo from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Monday, June 10th.

Saputo Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. The stock has a fifty day moving average of C$30.68 and a 200 day moving average of C$28.64. Saputo has a 1 year low of C$25.28 and a 1 year high of C$32.15. The company has a market cap of C$12.49 billion, a PE ratio of 47.90, a PEG ratio of 0.21 and a beta of 0.33.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.39 earnings per share for the quarter, topping the consensus estimate of C$0.37 by C$0.02. The firm had revenue of C$4.61 billion during the quarter, compared to analysts’ expectations of C$4.44 billion. Saputo had a net margin of 1.50% and a return on equity of 3.72%. As a group, equities analysts expect that Saputo will post 1.8087698 earnings per share for the current fiscal year.

Saputo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 20th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 10th. This is a positive change from Saputo’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of ?. Saputo’s dividend payout ratio is presently 120.63%.

Insider Transactions at Saputo

In other Saputo news, Senior Officer Richard Wallace acquired 4,950 shares of Saputo stock in a transaction dated Wednesday, June 26th. The stock was bought at an average cost of C$30.48 per share, for a total transaction of C$150,899.76. In other news, Senior Officer Martin Gagnon bought 2,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were bought at an average cost of C$29.73 per share, with a total value of C$59,450.00. Also, Senior Officer Richard Wallace bought 4,950 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was purchased at an average cost of C$30.48 per share, for a total transaction of C$150,899.76. Insiders acquired a total of 15,111 shares of company stock worth $450,474 in the last three months. Insiders own 42.57% 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.