Saputo (TSE:SAP) Price Target Lowered to C$36.00 at Royal Bank of Canada

Saputo (TSE:SAPFree Report) had its price objective cut by Royal Bank of Canada from C$40.00 to C$36.00 in a research report report published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

SAP has been the topic of several other research reports. BMO Capital Markets dropped their price objective on shares of Saputo from C$37.00 to C$34.00 and set an outperform rating on the stock in a report on Monday, November 13th. Scotiabank upgraded shares of Saputo from a sector perform rating to an outperform rating and set a C$31.50 price objective on the stock in a report on Wednesday, January 17th. TD Securities dropped their price objective on shares of Saputo from C$42.00 to C$40.00 and set a buy rating on the stock in a report on Monday, November 13th. National Bankshares dropped their price objective on shares of Saputo from C$35.00 to C$33.00 and set an outperform rating on the stock in a report on Thursday, January 11th. Finally, Desjardins dropped their price objective on shares of Saputo from C$35.00 to C$33.00 and set a buy rating on the stock in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of C$34.31.

View Our Latest Stock Report on Saputo

Saputo Price Performance

SAP stock opened at C$27.64 on Friday. The firm has a market cap of C$11.70 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 0.21 and a beta of 0.33. The company has a quick ratio of 0.67, a current ratio of 1.64 and a debt-to-equity ratio of 56.82. Saputo has a 12-month low of C$25.75 and a 12-month high of C$37.50. The company’s fifty day simple moving average is C$27.03 and its 200 day simple moving average is C$27.69.

Saputo (TSE:SAPGet Free Report) last released its earnings results on Thursday, November 9th. The company reported C$0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.41 by C$0.02. The business had revenue of C$4.32 billion for the quarter, compared to analyst estimates of C$4.48 billion. Saputo had a net margin of 3.61% and a return on equity of 8.99%. On average, analysts expect that Saputo will post 1.9541724 earnings per share for the current year.

Saputo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 15th were given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Monday, December 4th. Saputo’s payout ratio is 49.33%.

Insider Activity

In related news, Director Thomas Atherton bought 2,400 shares of Saputo stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of C$27.64 per share, with a total value of C$66,336.00. Insiders own 42.12% of the company’s stock.

Saputo Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Saputo (TSE:SAP)

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