National Bankshares Has Lowered Expectations for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP) had its price objective reduced by National Bankshares from C$31.00 to C$28.00 in a research note released on Wednesday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets decreased their price objective on Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. TD Securities decreased their price target on Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Jefferies Financial Group dropped their price objective on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. 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 on the stock in a report on Tuesday, October 29th. Finally, Desjardins set a C$34.00 target price on shares of Saputo in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.94.

Saputo Stock Performance

Shares of SAP opened at C$23.07 on Wednesday. Saputo has a 1 year low of C$22.65 and a 1 year high of C$32.15. The company’s 50 day simple moving average is C$25.70 and its 200 day simple moving average is C$28.38. The company has a market capitalization of C$9.79 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59.

Saputo Dividend Announcement

The firm also recently announced 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 3.29%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo’s dividend payout ratio (DPR) is presently 120.63%.

Insider Activity at Saputo

In related news, Senior Officer Leanne Cutts purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost 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.

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.