Saputo Inc. (TSE:SAP) Receives C$34.50 Average PT from Analysts

Saputo Inc. (TSE:SAP) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$34.50.

Several brokerages recently issued reports on SAP. BMO Capital Markets lowered Saputo from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$35.00 to C$30.00 in a report on Tuesday, October 15th. Desjardins set a C$34.00 price target on Saputo in a report on Monday, November 11th. CIBC dropped their price objective on Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Royal Bank of Canada reduced their target price on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Finally, National Bankshares dropped their price target on shares of Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th.

Insider Activity

In other Saputo news, Senior Officer Leanne Cutts bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of C$26.25 per share, for a total transaction of C$105,000.00. Insiders own 40.45% of the company’s stock.

Saputo Stock Down 1.5 %

Saputo stock opened at C$25.88 on Tuesday. Saputo has a twelve month low of C$25.28 and a twelve month high of C$32.15. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. The firm has a market cap of C$10.98 billion, a PE ratio of 41.08, a P/E/G ratio of 0.56 and a beta of 0.32. The firm’s 50 day moving average price is C$27.48 and its two-hundred day moving average price is C$29.01.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.76 annualized dividend and a yield of 2.94%. Saputo’s dividend payout ratio (DPR) is presently 120.63%.

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.