Brokerages Set Saputo Inc. (TSE:SAP) Target Price at C$31.29

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 analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$31.29.

Several research firms recently weighed in on SAP. Desjardins cut their price target on shares of Saputo from C$34.00 to C$31.00 and set a “buy” rating on the stock in a report on Monday, February 10th. TD Securities cut their price target on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. National Bankshares cut their price target on shares of Saputo from C$31.00 to C$28.00 in a report on Wednesday, January 15th. CIBC cut their price target on shares of Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. Finally, Royal Bank of Canada cut their price target on shares of Saputo from C$38.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday, February 7th.

Saputo Stock Up 0.4 %

Saputo stock opened at C$25.48 on Thursday. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$32.15. The stock has a market cap of C$10.74 billion, a PE ratio of -68.22, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The firm’s 50-day simple moving average is C$24.36 and its 200 day simple moving average is C$26.63. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53.

Saputo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, March 4th. Saputo’s payout ratio is currently -203.48%.

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.