BMO Capital Markets Cuts Saputo (TSE:SAP) Price Target to C$27.00

Saputo (TSE:SAP) had its price target lowered by BMO Capital Markets from C$30.00 to C$27.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

SAP has been the topic of a number of other reports. Jefferies Financial Group reduced 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 research note on Monday, December 23rd. TD Securities lowered their target price on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Royal Bank of Canada cut their target price 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, Desjardins set a C$34.00 target price on shares of Saputo in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.81.

Saputo Trading Down 3.8 %

Shares of SAP stock opened at C$23.31 on Friday. Saputo has a twelve month low of C$22.96 and a twelve month high of C$32.15. The stock has a market cap of C$9.89 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 0.56 and a beta of 0.32. The company’s 50-day moving average price is C$25.84 and its 200-day moving average price is C$28.46. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors 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 yield of 3.26%. Saputo’s dividend payout ratio is currently 120.63%.

Insider Activity at Saputo

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

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.