Saputo Inc. (TSE:SAP) Receives C$31.00 Average Price Target from Brokerages

Shares of Saputo Inc. (TSE:SAP) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$31.00.

Several brokerages have recently issued reports on SAP. Jefferies Financial Group cut their target price on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. BMO Capital Markets lowered their price objective on shares of 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. National Bankshares cut their target price on Saputo from C$31.00 to C$28.00 in a research note on Wednesday, January 15th. Royal Bank of Canada lowered their price target on Saputo from C$38.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, CIBC dropped their price target on Saputo from C$32.00 to C$29.00 in a research note on Monday, February 10th.

Saputo Price Performance

SAP opened at C$24.56 on Monday. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The stock’s 50 day simple moving average is C$24.85 and its 200 day simple moving average is C$25.95. The firm has a market cap of C$10.35 billion, a price-to-earnings ratio of -65.76, a PEG ratio of 0.56 and a beta of 0.32. Saputo has a 1 year low of C$22.59 and a 1 year high of C$32.15.

Saputo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a $0.19 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.76 annualized dividend and a yield of 3.09%. Saputo’s payout ratio is -203.48%.

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.