Saputo Inc. (TSE:SAP) Receives C$33.81 Average Price Target from Analysts

Shares of Saputo Inc. (TSE:SAP) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$32.94.

SAP has been the subject of several research reports. National Bankshares lowered their price objective on shares of Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th. Royal Bank of Canada reduced their target price on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Jefferies Financial Group cut their price objective on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Desjardins set a C$34.00 price target on shares of Saputo in a report on Monday, November 11th. Finally, BMO Capital Markets dropped their price objective 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.

Insider Activity

In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. Corporate insiders own 40.45% of the company’s stock.

Saputo Trading Down 0.5 %

SAP stock opened at C$23.03 on Wednesday. Saputo has a twelve month low of C$22.65 and a twelve month high of C$32.15. 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 firm’s fifty day simple moving average is C$25.48 and its two-hundred day simple moving average is C$28.22. The stock has a market capitalization 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a $0.19 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.76 dividend on an annualized basis and a yield of 3.30%. Saputo’s payout ratio is currently 120.63%.

About Saputo

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.