Saputo Inc. (TSE:SAP) Given Consensus Rating of “Buy” by Analysts

Shares of Saputo Inc. (TSE:SAP) have earned an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$35.79.

Several research firms recently issued reports on SAP. Royal Bank of Canada lifted their price objective on Saputo from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th. National Bankshares raised their target price on shares of Saputo from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. TD Securities raised their target price on shares of Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. CIBC raised their target price on shares of Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Finally, Desjardins raised their target price on shares of Saputo from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research note on Monday, June 10th.

Saputo Trading Down 1.4 %

SAP stock opened at C$30.72 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 58.27. Saputo has a 12-month low of C$25.28 and a 12-month high of C$31.24. The stock has a market cap of C$13.04 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 0.21 and a beta of 0.32. The business’s 50-day moving average is C$28.07 and its 200 day moving average is C$27.39.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, June 6th. The company reported C$0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.37. Saputo had a return on equity of 4.76% and a net margin of 1.92%. The company had revenue of C$4.55 billion for the quarter, compared to analysts’ expectations of C$4.25 billion. On average, sell-side analysts anticipate that Saputo will post 1.915804 EPS for the current fiscal year.

Saputo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Tuesday, June 18th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, June 18th. Saputo’s payout ratio is presently 94.87%.

Insider Activity

In other news, Senior Officer Sindy Saragoca bought 1,361 shares of the business’s stock in a transaction on Monday, June 17th. The shares were bought at an average price of C$29.39 per share, with a total value of C$39,999.79. In other news, Senior Officer Richard Wallace bought 4,950 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of C$30.48 per share, with a total value of C$150,899.76. Also, Senior Officer Sindy Saragoca purchased 1,361 shares of the company’s stock in a transaction on Monday, June 17th. The stock was acquired at an average price of C$29.39 per share, with a total value of C$39,999.79. Corporate insiders own 42.11% of the company’s stock.

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.