Saputo Inc. (TSE:SAP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Saputo Inc. (TSE:SAP) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$31.29.

A number of equities research analysts recently commented on the stock. TD Securities reduced their price objective on shares of Saputo from C$38.00 to C$37.00 in a research report on Monday, November 11th. Royal Bank of Canada reduced their price objective on shares of 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. Desjardins reduced their price objective on shares of 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. Jefferies Financial Group reduced their price objective on shares of 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. Finally, BMO Capital Markets reduced 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 report on Friday, January 10th.

Saputo Price Performance

Shares of SAP opened at C$25.44 on Thursday. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$32.15. The company has a market capitalization of C$10.72 billion, a price-to-earnings ratio of -68.11, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The firm has a 50-day simple moving average of C$24.34 and a 200-day simple moving average of C$26.69. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53.

Saputo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.76 dividend on an annualized basis and a yield of 2.99%. Saputo’s dividend payout ratio (DPR) 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.