Saputo Inc. (TSE:SAP) Receives C$31.29 Average PT from Analysts

Shares of Saputo Inc. (TSE:SAP) have received an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$31.29.

A number of research firms have issued reports on SAP. 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 note on Friday, January 10th. CIBC reduced their price objective on Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th. Desjardins reduced their price objective on Saputo from C$34.00 to C$31.00 and set a “buy” rating for the company in a research report on Monday, February 10th. National Bankshares reduced their price objective on Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group reduced their price objective on Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research report on Monday, December 23rd.

Saputo Stock Up 0.8 %

TSE:SAP opened at C$24.95 on Thursday. Saputo has a 1 year low of C$22.59 and a 1 year high of C$32.15. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. The stock has a market cap of C$10.52 billion, a price-to-earnings ratio of -66.80, a PEG ratio of 0.56 and a beta of 0.32. The stock has a 50-day moving average price of C$24.36 and a two-hundred day moving average price of C$26.53.

Saputo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.76 annualized dividend and a yield of 3.05%. Saputo’s payout ratio is presently -203.48%.

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.