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

Shares of Saputo Inc. (TSE:SAPGet Free Report) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$33.81.

Several research analysts recently weighed in on SAP shares. Desjardins dropped their target price on shares of Saputo from C$35.00 to C$33.00 and set a “buy” rating for the company in a report on Monday, November 13th. Scotiabank upped their target price on shares of Saputo from C$31.50 to C$32.50 and gave the company an “outperform” rating in a research report on Monday, February 12th. National Bankshares cut their price target 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. BMO Capital Markets dropped their target price on shares of Saputo from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. Finally, TD Securities dropped their price objective on shares of Saputo from C$40.00 to C$36.00 and set a “buy” rating on the stock in a research note on Monday, February 12th.

Read Our Latest Analysis on Saputo

Insider Activity at Saputo

In other Saputo news, Senior Officer Leanne Cutts bought 1,800 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of C$28.03 per share, for a total transaction of C$50,454.00. In related news, Senior Officer Carl Colizza acquired 5,355 shares of Saputo stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of C$28.13 per share, with a total value of C$150,636.15. Also, Senior Officer Leanne Cutts purchased 1,800 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of C$28.03 per share, with a total value of C$50,454.00. Insiders purchased 15,190 shares of company stock worth $425,567 over the last 90 days. Company insiders own 42.12% of the company’s stock.

Saputo Trading Down 1.9 %

TSE:SAP opened at C$26.48 on Tuesday. The company has a fifty day moving average of C$27.65 and a 200 day moving average of C$27.70. The firm has a market capitalization of C$11.23 billion, a P/E ratio of 33.95, a P/E/G ratio of 0.21 and a beta of 0.36. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 58.27. Saputo has a 52 week low of C$25.75 and a 52 week high of C$36.70.

Saputo (TSE:SAPGet Free Report) last released its earnings results on Thursday, February 8th. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.40 by C($0.02). Saputo had a net margin of 1.92% and a return on equity of 4.76%. The business had revenue of C$4.27 billion for the quarter, compared to analysts’ expectations of C$4.38 billion. On average, research analysts predict that Saputo will post 1.8960162 earnings per share for the current year.

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 15th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Monday, March 4th. Saputo’s dividend payout ratio (DPR) is presently 94.87%.

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.

See Also

Analyst Recommendations for Saputo (TSE:SAP)

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