Saputo (TSE:SAP) Price Target Cut to C$32.00 by Analysts at Jefferies Financial Group

Saputo (TSE:SAP) had its target price decreased by Jefferies Financial Group from C$36.00 to C$32.00 in a research note released on Monday morning,BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities analysts also recently commented on the stock. TD Securities decreased their price objective on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Desjardins set a C$34.00 price target on shares of Saputo in a research note on Monday, November 11th. Royal Bank of Canada cut their price objective 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. Finally, BMO Capital Markets downgraded Saputo from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$34.19.

Saputo Stock Performance

TSE SAP opened at C$25.03 on Monday. The firm has a market capitalization of C$10.62 billion, a P/E ratio of 39.73, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17. The firm’s fifty day moving average price is C$26.65 and its two-hundred day moving average price is C$28.87. Saputo has a 1 year low of C$24.63 and a 1 year high of C$32.15.

Saputo Dividend Announcement

The firm also recently announced 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. This represents a $0.76 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Tuesday, December 10th. Saputo’s payout ratio is 120.63%.

Insider Buying and Selling

In other news, Senior Officer Leanne Cutts purchased 4,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is currently owned by insiders.

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.