Desjardins set a C$34.00 target price on Saputo (TSE:SAP – Free Report) in a report released on Monday morning,BayStreet.CA reports. Desjardins also issued estimates for Saputo’s Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.62 EPS and FY2026 earnings at $2.01 EPS.
Several other analysts have also recently weighed in on the stock. CIBC decreased their price objective on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. BMO Capital Markets lowered Saputo from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. National Bankshares dropped their price target on Saputo from C$36.00 to C$35.00 and set an “outperform” rating for the company in a report on Monday, August 12th. TD Securities reduced their price objective on Saputo from C$38.00 to C$37.00 in a research note on Monday. Finally, Royal Bank of Canada lowered their target price on 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$34.50.
Read Our Latest Research Report on SAP
Saputo Stock Up 1.1 %
Saputo Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 10th will be given a $0.19 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.76 dividend on an annualized basis and a yield of 2.87%. Saputo’s payout ratio is 120.63%.
Insider Activity
In other Saputo news, Senior Officer Martin Gagnon purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average cost of C$29.73 per share, with a total value of C$59,450.00. Insiders own 40.45% of the company’s stock.
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.
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