Brokerages Set Saputo Inc. (TSE:SAP) Price Target at C$34.50

Saputo Inc. (TSE:SAP) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$34.19.

A number of equities research analysts have weighed in on SAP shares. Royal Bank of Canada dropped their price target on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Desjardins set a C$34.00 target price on shares of Saputo in a report on Monday, November 11th. Jefferies Financial Group cut their target price on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research report on Monday. BMO Capital Markets lowered Saputo from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. Finally, TD Securities cut their price objective on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th.

Insider Activity

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

Saputo Stock Performance

TSE SAP opened at C$25.03 on Friday. The stock has a market cap of C$10.62 billion, a PE ratio of 39.73, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a twelve month low of C$24.63 and a twelve month high of C$32.15. The stock has a fifty day simple moving average of C$26.65 and a 200-day simple moving average of C$28.87. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.76 annualized dividend and a yield of 3.04%. Saputo’s dividend payout ratio (DPR) is 120.63%.

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.