Analysts Set Saputo Inc. (TSE:SAP) PT at C$33.81

Saputo Inc. (TSE:SAP) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$32.94.

SAP has been the subject of several research analyst reports. TD Securities dropped their price objective on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Desjardins set a C$34.00 target price on shares of Saputo in a research note on Monday, November 11th. National Bankshares decreased their price target on shares of Saputo from C$31.00 to C$28.00 in a research note on Wednesday. Jefferies Financial Group reduced their target price on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Finally, Royal Bank of Canada dropped their price target on Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th.

Saputo Price Performance

Shares of Saputo stock opened at C$23.03 on Wednesday. The firm has a market cap of C$9.77 billion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The company’s fifty day simple moving average is C$25.48 and its two-hundred day simple moving average is C$28.26. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. Saputo has a 12-month low of C$22.65 and a 12-month high of C$32.15.

Saputo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo’s dividend payout ratio (DPR) is presently 120.63%.

Insiders Place Their Bets

In other news, Senior Officer Leanne Cutts bought 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. Corporate insiders own 40.45% of the company’s stock.

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.